The company plans to grow its Middle East fleet to 1,000 vehicles and deploy tens of thousands of Robotaxis by 2030DUBAI, United Arab Emirates, Sept. 26, 2025 (GLOBE NEWSWIRE) -- WeRide (Nasdaq: WRD), a global leader in autonomous driving technology, secured a self-driving vehicle trial permit from Dubai's Roads and Transport Authority (RTA) earlier this month to conduct Robotaxi trials in the city. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister ...

Core Insights - BlackBerry Limited reported a non-GAAP EPS of 4 cents for Q2 fiscal 2026, exceeding its breakeven estimate and last year's breakeven result [1][9] - Total revenues reached $129.6 million, surpassing guidance and reflecting a 3% year-over-year increase, driven by strong performance in the QNX and Secure Communications divisions [2][9] Financial Performance - QNX revenues totaled $63.1 million, exceeding guidance and showing a 15.4% year-over-year growth [5] - Secure Communications revenues declined 9.9% year over year to $59.9 million but beat guidance due to reduced customer churn [6][7] - Licensing revenues increased to $6.6 million from $5 million in the previous year, surpassing guidance [10] Margin and EBITDA - Adjusted gross margin improved to 75% from 70.7% year over year, with QNX maintaining a gross margin of 83% [11] - Adjusted EBITDA for the quarter was $25.9 million, up from $15.1 million in the prior year, with QNX and Secure Communications both exceeding expectations [12] Cash Flow and Liquidity - The company generated $3.4 million in net cash from operating activities, a significant improvement from cash used in the prior year [13] - As of August 31, BlackBerry had $290.5 million in cash and investments, down from $381.9 million, and returned $20 million to shareholders through buybacks [14] Future Guidance - For Q3 fiscal 2026, BlackBerry anticipates revenues between $132 million and $140 million, with adjusted EBITDA projected at $13 million to $17 million for QNX and $12 million to $16 million for Secure Communications [15][16]

🚨 Wedbush’s Dan Ives just raised $TSLA PT to $600 🚀He sees an accelerated AI autonomous path by 2026, calling it the BIGGEST growth chapter in Tesla’s history. Investors are still underestimating this transformation.@DivesTech https://t.co/yGWC6OdeLoDan Ives (@DivesTech):We are raising price target on Tesla to $600 reflecting our view that an accelerated AI autonomous path is now on the horizon in 2026 and investors are underestimating the major transformation underway. We believe this will be the biggest g ...

Group 1 - Momenta, an autonomous driving startup, is seeking to raise new funding at a valuation exceeding $5 billion, indicating a significant increase in value for its Chinese partner to Uber Technologies Inc. [1] - The Beijing-based company, supported by Temasek Holdings, Tencent Holdings, and Jack Ma's Yunfeng Capital, aims to raise several hundred million dollars, with the final amount potentially increasing based on investor interest [2] - If successful, this financing could facilitate Momenta's path toward an eventual initial public offering (IPO), as the company provides advanced driver assistance systems and operates robotaxis in cities like Shanghai and Munich [3] Group 2 - Momenta has filed confidentially for a US IPO last year, but the progress of this deal is contingent on market conditions [3] - Other Chinese robotaxi companies, such as Baidu's Apollo Go, WeRide, and Pony AI, require capital to expand into international markets, including the Middle East, Europe, and Southeast Asia [4] - These firms focus on providing technology rather than operating vehicles directly, partnering with automakers and ride-hailing platforms like Uber and Grab to deploy their fleets [5] Group 3 - The founder and CEO of Momenta, Cao Xudong, has a background as a researcher for Microsoft and SenseTime, and he graduated from Tsinghua University with a degree in engineering mechanics [6]

WE BLOOMBERG TECH ASIA IS LIVE WITH SHERY AHN IN TOKYO AND ANNABELLE DROULERS IN HONG KONG. SHERY: AN EXCITING EPISODE AHEAD WITH A ROBOTAXI THAT COULD BE WORTH $330 BILLION ACCORDING TO BLOOMBERG INTELLIGENCE, NOT SURPRISING GIVING -- GIVEN THE AGING POPULATION AND LACK OF CABDRIVERS AND SOME OF THE LEADERS COULD BE CHINESE NAMES. ANNABELLE: ABSOLUTELY.YOU SEE THE VALUE CHAIN SIDE. YOU MENTIONED CHINESE NAMES, YOU HAVE BAIDU'S APOLLO, IN THE U.S. THERE IS WAYMO. THERE'S ALSO THE PARTNERSHIPS ON TOP.UBER AN ...

Key Points Tesla competitors are gaining ground. The company wants investors to focus more on its artificial intelligence (AI) potential than EV sales. Sales soared for Chinese competitor BYD. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) stock has been on a big run, but it lost some steam today. Shares of the electric vehicle (EV) maker slid as much as 5.4% in Thursday trading. The stock closed the session lower by 4.3%. While the company has been focusing more ...

Group 1 - As of September 25, 2025, two stocks in the communication services sector are showing signs of being overbought, which may concern momentum-focused investors [1][2] - The Relative Strength Index (RSI) is a key momentum indicator, with values above 70 indicating that a stock may be overbought [2] Group 2 - Baidu Inc (NASDAQ: BIDU) received Dubai's first autonomous driving trial permit and 50 test licenses, leading to a stock price increase of approximately 45% over the past month, with an RSI value of 75.9 [7] - Baidu's stock closed at $132.92, with a 52-week high of $141.60 and a momentum score of 83.05 [7] - CarGurus Inc (NASDAQ: CARG) reported a strong second-quarter performance with a 14% year-over-year revenue growth and announced a $150 million share repurchase program, resulting in an 11% stock price increase over the past month [7] - CarGurus' stock closed at $37.85, with a 52-week high of $41.33 and an RSI value of 72.4 [7]

Core Insights - Two stocks in the communication services sector are showing signs of being overbought, which may concern momentum-focused investors [1][2] Company Summaries - **Baidu Inc (NASDAQ: BIDU)**: - Received Dubai's first autonomous driving trial permit and 50 test licenses from the Roads and Transport Authority, aiming to enhance Dubai's public transportation with autonomous technologies [7] - Stock performance: Gained approximately 45% over the past month, with a 52-week high of $141.60 and an RSI value of 75.9 [7] - Recent price action: Shares closed at $132.92 after a 5.9% increase [7] - Momentum score: 83.05 with a value score of 87.61 [7] - **CarGurus Inc (NASDAQ: CARG)**: - Reported better-than-expected second-quarter results and announced a $150 million share repurchase program, with a 14% year-over-year revenue growth in its Marketplace business [7] - Stock performance: Gained around 11% over the past month, with a 52-week high of $41.33 and an RSI value of 72.4 [7] - Recent price action: Shares closed at $37.85 after a 1.4% increase [7]

Core Viewpoint - Kodiak, an autonomous truck technology company, is set to begin trading on NASDAQ under the name Kodiak AI, highlighting the potential benefits of AI-powered trucking solutions [1]. Company Overview - Kodiak focuses on automating trucks using AI technology to address the driver shortage and challenges faced by human drivers in the trucking industry [2]. - The company has initiated its first commercial deployment in West Texas with eight fully driverless trucks operating daily [3]. Technology and Operations - The trucks are designed to operate in a remote area with moderate traffic, allowing them to navigate various road conditions while adhering to traffic rules [4][5]. - Safety is a priority, with the trucks programmed to drive conservatively, maintain speed limits, and avoid risky maneuvers [7][8]. - Kodiak's trucks have logged 3,000 hours of operation without any at-fault accidents, although they have experienced minor incidents where other vehicles hit them [8][9]. Monitoring and Safety Measures - The trucks are equipped with real-time monitoring systems that detect collisions and allow for human intervention when necessary [10][12]. - Comprehensive data logging, including speed and location, enables the company to analyze incidents in detail [12]. Future Plans - Kodiak aims to gradually expand its operations from remote areas to urban and suburban locations over the coming years, with a focus on safety and efficiency [14]. - The company operates on a "driver as a service" model, where customers own the trucks and pay Kodiak a service fee for the technology and operation [15][16]. Financial Outlook - While Kodiak has not provided specific guidance on profitability, it has begun generating revenue from its driverless operations, a milestone not achieved by many competitors in the autonomous vehicle space [17].

Group 1 - Baidu's stock price increased by 2.17% to $135.8 in pre-market trading [1] - Baidu's autonomous driving platform, Apollo Go, received the first autonomous driving test license (No. 001) in Dubai during the World Autonomous Driving Congress [1] - Apollo Go is the only company permitted to conduct public road test rides in Dubai during the event held on September 24-25 [1] Group 2 - The closing price of Baidu on September 24 was $132.92, with a market capitalization of $45.694 billion [1] - The stock reached a high of $139.27 and a low of $129.30 on the same day, with a trading volume of 12.1149 million shares [1] - The price-to-earnings ratio stands at 12.17, and the price-to-book ratio is 1.184 [1]