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WeRide Stock Explodes as NVIDIA’s Investment Emerges

Key Points

  • Shares of WeRide Inc. soared over 80% on Friday after NVIDIA disclosed a 1.74 million share position.
  • NVIDIA has been an early-stage investor in WeRide since 2017.
  • While NVIDIA’s backing adds credibility, WeRide’s low revenue and volatility suggest potential risks for investors.
  • MarketBeat previews the top five stocks to own by June 1st.

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Ryan Hasson
About The Author

Ryan Hasson

Contributing Author

Technical Analysis, Momentum Trading, Risk Management

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
NVIDIA (NVDA)
4.777 of 5 stars
$133.46+1.3%0.03%52.61Moderate Buy$164.84
WeRide (WRD)N/A$10.24-0.2%N/AN/AN/AN/A
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