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Why WeRide Stock Soared Today [Yahoo! Finance]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations: abc.xyz/investor
10 stocks we like better than WeRide › Shares of WeRide (NASDAQ: WRD) were flying higher on Wednesday. The company's stock spiked 21.5% as of market close, while the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 1.6% and 1.4%, respectively. The autonomous driving company reported its Q1 numbers before the market opened today, as well as announcing a share repurchase program. While WeRide's revenue only grew by less than 2% year over year (YOY), the company nearly doubled its robotaxi sales. The global robotaxi market is expected to be quite substantial. WeRide's continued and early success here is impressive. The company also reported a positive quarter from an operational perspective. Tony Han, WeRide's founder, chairman, and CEO, was pleased with the company's momentum, saying he sees that the company's "vision is coming to life across regions in Asia, the Middle East, Europe, and beyond... large-scale robotaxi deployment is no longer theoretical
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