10 Firms Kick Off Shortened Trading Week With Impressive Gains

1. WeRide Inc. (NASDAQ:WRD)

WeRide Inc. (NASDAQ:WRD) resumed a four-day winning streak on Tuesday, soaring by another 28.25 percent to close at $40.40 apiece, as investors continued to snap up shares following Nvidia Corp.’s purchase of 1.7 million of WRD stocks.

Tuesday’s closing price already marked a whopping 135-percent jump from its finish of $17.17 on Thursday, or a day before NVDA submitted its 13F Holdings Report.

NVDA’s investment in WRD, a Chinese robotaxi company, represented a vote of confidence among investors, especially with the giant chipmaker being one of the key players in technological advancements, particularly in the Artificial Intelligence sector.

Apart from WRD, the giant chipmaker also held stakes in Recursion Pharmaceuticals, Nebius, Arm Holdings, and Applied Digital.

According to an analyst last week: “There is no greater vote of confidence than Nvidia taking a stake in your company.”

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 timeframe. 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 the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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