Group 1 - Ark Invest, led by Cathie Wood, acquired 191,149 shares of WeRide Inc. for approximately $1.74 million, reflecting a positive market sentiment as the stock closed at $9.12, a 5.19% increase on the day of the trade [1][2]. - WeRide has expanded its robotaxi services, launching Level 4 fully driverless operations in Abu Dhabi in collaboration with Uber, making it the first city in the Middle East to offer such services on the Uber platform [3]. - The company's robotaxi rollout has resulted in increased revenues and reduced losses as it scales its global fleet, indicating strong potential in the autonomous transportation market [4]. Group 2 - WeRide's stock is currently ranked in the 12th percentile for momentum compared to other robotaxi companies like Tesla and Alphabet [6].
Cathie Wood-Led Ark Invest Bets $1.74 Million On This Robotaxi Stock As Driverless Revolution Accelerates - WeRide (NASDAQ:WRD), ARK Autonomous Technology & Robotics ETF (BATS:ARKQ)