Why WeRide Inc. (WRD) Nosedived on Wednesday

Angelica Ballesteros

Thu, May 8, 2025, 1:37 AM 2 min read

We precocious published an nonfiction titled Why These 10 Firms Nosedived Today. In this article, we are going to instrumentality a look astatine wherever WeRide Inc. (NASDAQ:WRD) stands against the different stocks.

The banal marketplace bounced backmost from the erstwhile day’s losses, with each large indices finishing higher arsenic investors cheered the cardinal bank's determination to support involvement rates unchanged.

On Wednesday afternoon, the Federal Reserve kept rates dependable astatine a scope of 4.25 percent to 4.5 percent, saying that it was not successful a hurry to chopped rates and could inactive “wait and see” the impacts of President Donald Trump’s tariff policies.

The Dow Jones rallied by 0.70 percent, the S&P 500 accrued by 0.43 percent, and the Nasdaq grew by 0.27 percent.

Beyond the large indices, bucked a broader marketplace optimism arsenic investors sold disconnected connected a bid of disappointing news.

To travel up with the list, we considered lone the stocks with a $2-billion marketplace capitalization and $5-million trading volume.

A fleet of autonomous vehicles driving down a sun-drenched highway.

WeRide Inc. (NASDAQ:WRD) saw its stock prices diminution by 7.87 percent connected Wednesday to adjacent astatine $8.31 apiece arsenic investors resorted to profit-taking pursuing the anterior day’s surge, supported by its recently clinched concern with Uber Technologies Inc. (NYSE:UBER).

In a connection earlier this week, Uber said that it deepened its collaboration with WeRide Inc. (NASDAQ:WRD) for the enlargement of robotaxi offerings successful the Uber app successful 15 much locations, including Europe and the Middle East.

“This enlargement aligns with WeRide’s ambitious strategy for planetary growth—to marque autonomous driving solutions much affordable and accessible to radical worldwide,” said WeRide Inc. (NASDAQ:WRD) CEO Han Xu.

The 2 firms kicked disconnected their concern past twelvemonth with the motorboat of robotaxis successful Abu Dhabi, and aboriginal on, successful Dubai, arsenic they purpose to grow their autonomous conveyance concern to respective caller cities each year, each extracurricular of the US and China.

Overall WRD ranks 9th connected our database of Wednesday's worst performers. While we admit the imaginable of WRD arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns and doing truthful wrong a shorter clip frame. There is an AI banal that went up since the opening of 2025, portion fashionable AI stocks mislaid astir 25%. If you are looking for an AI banal that is much promising than WRD but that trades astatine little than 5 times its earnings, cheque retired our study astir this cheapest AI stock.