In This Article:
We recently published an article titled These 10 Firms Led Lagged Performance on Wednesday. In this article, we are going to take a look at where WeRide Inc. (NASDAQ:WRD) stands against the other stocks.
Wall Street’s major indices finished in the green territory anew on Wednesday as worries about tariff policies and the Federal Reserve’s independence tapered off following President Donald Trump’s assurance that he had no intentions of ousting Jerome Powell.
The Nasdaq surged by 2.5 percent, the S&P 500 rose by 1.67 percent, while the Dow Jones increased by 1.07 percent.
Ten companies, on the other hand, led the highest declines, booking modest losses during the trading session.
In this article, we have identified Wednesday’s 10 worst-performing stocks and detailed the reasons behind their lagging performance.
To come up with the list, we considered only the stocks with more than $2 billion in market capitalization and $5 million in trading volume.
A fleet of autonomous vehicles driving down a sun-drenched highway.
WeRide Inc. (NASDAQ:WRD)
WeRide Inc. (NASDAQ:WRD) snapped a two-day winning streak on Wednesday, losing 16.95 percent to end at $7.30 apiece as investors sold off positions following Pony AI’s announcement of its robotaxi lineup during the Shanghai International Automobile Industry Exhibition.
The announcement spelled bad news for the company, having earned another competitor in the robotaxi industry.
WeRide Inc. (NASDAQ:WRD) was one of the companies that chip giant Nvidia Corp. is heavily invested in. For its part, WRD uses NVDA’s advanced graphic processors and AI software to power its vehicles.
WeRide Inc. (NASDAQ:WRD) is a global leader in autonomous driving technology, with a presence in over 30 cities across 10 countries. A pioneer in the large-scale commercial deployment of autonomous driving, the company offers a portfolio of five core products, including Robotaxi.
Overall WRD ranks 1st on our list of the worst performing stocks on Wednesday. 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.
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.