markets

Matt Phillips2/14/25

Nvidia discloses stake in WeRide, igniting trading frenzy

ADRs of Chinese self-driving firm WeRide were up nearly 100% — yes, doubled — in early trading on Friday after AI chip behemoth Nvidia disclosed a roughly 1.7 million-share, $25 million stake in the company.

(This disclosure was in the same filing that sent SoundHound AI reeling after Nvidia disposed of its stake in the voice AI company.)

Founded in 2017, WeRide specializes in robotaxis and autonomous driving technology. It only listed its US ADRs on the Nasdaq in October, touting itself as “the only technology company worldwide simultaneously holding autonomous driving licenses in China, the UAE, Singapore, and the U.S.”

The ADRs had risen a total of 1% since listing in October through yesterday’s close. Then they went boom.

Nvidia Dumps SoundHound, Trims Arm Stake, Buys These 2 Stocks

Nvidia Dumps SoundHound, Trims Arm Stake, Buys These 2 Stocks

Founded in 2017, WeRide specializes in robotaxis and autonomous driving technology. It only listed its US ADRs on the Nasdaq in October, touting itself as “the only technology company worldwide simultaneously holding autonomous driving licenses in China, the UAE, Singapore, and the U.S.”

The ADRs had risen a total of 1% since listing in October through yesterday’s close. Then they went boom.

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General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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