Why WeRide Inc. (WRD) Crashed on Monday
From Yahoo Finance: 2025-04-29 08:11:00
On Monday, Wall Street saw mixed results as investors repositioned portfolios. Nasdaq fell 0.10%, while Dow Jones rose 0.28% and S&P 500 increased by 0.06%. Among the defying companies was WeRide Inc. (NASDAQ:WRD), which fell 5.54% due to a new robotaxi competitor, Pony AI Inc. (NASDAQ:PONY). WRD is heavily invested in by Nvidia Corp.
WeRide Inc. (NASDAQ:WRD) suffered losses for the fourth consecutive day, closing at $6.65. A new competitor in the robotaxi industry, Pony AI Inc. (NASDAQ:PONY), announced plans to develop autonomous driving technology and offer robotaxi services. WRD relies on Nvidia’s technology for its vehicles.
WeRide Inc. (NASDAQ:WRD) is a global leader in autonomous driving technology, present in 30+ cities across 10 countries. Despite potential as an investment, WRD ranks 2nd among the worst-performing stocks on Monday. For better AI stock options, consider companies showing positive growth since the beginning of 2025.
Read more: Why WeRide Inc. (WRD) Crashed on Monday