We recently published an article titled Why These 10 Firms Nosedived Today.In this article, we are going to take a look at where WeRide Inc. (NASDAQ:WRD) stands against the other stocks. The stock market bounced back from the previous day’s losses, with all major indices finishing higher as investors cheered the central bank's decision to keep interest rates unchanged. On Wednesday afternoon, the Federal Reserve kept rates steady at a range of 4.25 percent to 4.5 percent, saying that it was not in a hurry to cut rates and could still “wait and see” the impacts of President Donald Trump’s tariff policies. The Dow Jones rallied by 0.70 percent, the S&P 500 increased by 0.43 percent, and the Nasdaq grew by 0.27 percent. Beyond the major indices, bucked a broader market optimism as investors sold off on a series of disappointing news. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.Is Verizon Communications Inc. (VZ) The Dirt Cheap Stock To Invest In Now? A fleet of autonomous vehicles driving down a sun-drenched highway. WeRide Inc. (NASDAQ:WRD) WeRide Inc. (NASDAQ:WRD) saw its share prices decline by 7.87 percent on Wednesday to close at $8.31 apiece as investors resorted to profit-taking following the prior day’s surge, supported by its newly clinched partnership with Uber Technologies Inc. (NYSE:UBER). In a statement earlier this week, Uber said that it deepened its collaboration with WeRide Inc. (NASDAQ:WRD) for the expansion of robotaxi offerings in the Uber app in 15 more locations, including Europe and the Middle East. “This expansion aligns with WeRide’s ambitious strategy for global growth—to make autonomous driving solutions more affordable and accessible to people worldwide,” said WeRide Inc. (NASDAQ:WRD) CEO Han Xu. The two firms kicked off their partnership last year with the launch of robotaxis in Abu Dhabi, and later on, in Dubai, as they aim to expand their autonomous vehicle partnership to several new cities each year, all outside of the US and China. Overall WRD ranks 9th on our list of Wednesday's worst performers. While we acknowledge the potential of WRD as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than WRD but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. Story Continues READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. View Comments
Why WeRide Inc. (WRD) Nosedived on Wednesday
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