WeRide Turns a Corner in China; Is It Time to Park the Stock in Your Portfolio?

If you're in Beijing, chatting up your taxi driver may not be an option during your next ride. Self-driving car specialist WeRide (NASDAQ: WRD) announced that it recently received approval to launch its newest robotaxi service, the GXR, in Beijing, China -- a development that company founder and CEO Tony Han characterizes as "a pivotal achievement."But does the fact that WeRide is accelerating in its efforts to offer autonomous driving solutions mean that the stock is a buy for investors? Let's kick the tires on where WeRide stock is right now to see if it's a good time to click the buy button.In addition to city roads in the Beijing metropolitan area, authorities granted WeRide approval to launch commercial operations of the fully autonomous GXR on certain highways. The artificial intelligence (AI) that powers the GXR is impressive. According to WeRide, the GXR demonstrates Level 4 automation thanks to the massive AI computing power that underpins it: hardware capable of more than 1,300 tera operations per second (TOPS). For context, the Drive AGX Orin System-on-a-Chip from Nvidia is capable of 254 TOPS.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool