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Nvidia Shifts Strategy, Boosts WeRide Investment, Trims Arm Stake

Benzinga LogoBenzinga1w ago

Nvidia Shifts Strategy, Boosts WeRide Investment, Trims Arm Stake - Benzinga

Quick Summary:

Chinese autonomous startup WeRide Inc (NASDAQ:WRD) stock gained Friday after Nvidia Corp (NASDAQ:NVDA) disclosed new holdings in the stock during the quarter ended December 31.Nvidia procured 1.74 million shares in the startup.

Last December, Uber Technologies Inc (NYSE:UBER) and WeRide launched a robotaxi service in Abu Dhabi, marking Uber’s largest commercial robotaxi service outside the U.S.and China.

Also Read: AMC Networks Q4 Earnings: Streaming Revenue And Subscriber Growth Cushions Revenue Decline

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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 17:53:24 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 279 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 26151760

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 7 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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