Shares of WeRide (NASDAQ:WRD) are rocketing 66% higher in morning trading after Nvidia (NASDAQ:NVDA) took a 1.7 million-share stake in the company worth $24.65 million. The stock of the Chinese self-driving car startup had been up as much as 130% at the market opened,

WeRide Inc.'s stock soared after Nvidia Corporation's stake, but financial instability and potential dilution make it a risky investment. Click for more on WRD.

The market’s memory is still fresh when it comes to the volatility induced by the NVIDIA Co. (NASDAQ: NVDA) flash sell-off that came from the DeepSeek debacle in China. However, the relationship between NVIDIA and China goes well beyond that recent incident.

(Reuters) -Nvidia reduced its stake in British chip firm Arm Holdings (NASDAQ: ARM) by about 44% and exited its holdings in Serve Robotics and SoundHound AI (NASDAQ: SOUN) in the fourth quarter, a regulatory filing showed on Friday.

Key Takeaways Shares of Chinese autonomous driving company WeRide and AI infrastructure company Nebius popped Friday after Nvidia disclosed stakes in the companies. A filing showed Nvidia dumped its holdings of SoundHound AI,

WeRide (WRD) opened nearly 125% higher today after Nvidia (NVDA) revealed a sizable stake in the self-driving technology startup based out of Guangzhou, China. The semiconductor behemoth spent about $25 million on buying 1.