WeRide Inc.
Long

Autonomous Driving - here to stay?

212
Autonomous driving stocks are on fire at the moment. There is a real buzz around the space, so if you're looking for names that can have the potential to do a huge return then look no further than WeRide. Jensen purchased a good amount of its stock, they have strong partnerships with several companies including Uber, and they're rolling out their services across various cities around the world. The financials don't look great atm as they are investing heavily into R&D.

Technically it looks like we could be breaking above the trendline, bullish volume could send this stock up like a rocket ship. If the broader market pulls back, this is likely to fall to new lows. Beware of the risk!

Not financial advice, do what's best for you. This is a high risk stock.

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