WeRide Vows to Boost Spending to Bring Robotaxis to the World
'We are never hesitant in investing in cloud computing, AI computing infrastructure and AI talent,' founder and Chief Executive Officer Tony Han said in an interview on Friday. 'We are determined to spend and build out our sales network' and work with other firms to push for expansion, he said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
37 minutes ago
- Yahoo
1 AI Robotics Stock to Buy Before It Soars 758% to $8 Trillion, According to a Wall Street Analyst
Key Points Several Wall Street experts anticipate substantial upside in Tesla stock as the company leans into autonomous driving and robotics. Tesla reported dismal first-quarter financial results as increased competition and CEO Elon Musk's political activities eroded its market share. Musk believes Tesla will eventually dominate the trillion-dollar robotaxi market, and he sees a $10 trillion opportunity in humanoid robots. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) shares have declined 25% year to date as the electric carmaker has struggled with weak demand amid growing competition and consumer backlash against CEO Elon Musk's politics. The company is currently worth $976 billion, but several Wall Street experts anticipate substantial upside in the years ahead. Ark Invest analysts, led by Tasha Keeney, think Tesla stock will reach $2,600 per share by 2029. That forecast implies 758% upside from its current share price of $303. It also implies a market value of $8.3 trillion. Wedbush analyst Dan Ives recently told Yahoo Finance that Tesla could be a $2 trillion company within 12 months. That implies 105% upside from its current market value of $976 billion. It also implies a share price of $620. Hedge fund billionaire Ron Baron told CNBC last year that Tesla could be a $5 trillion company within a decade. That implies 410% upside from its current market value. It also implies a share price of $1,550. CEO Elon Musk has said Tesla could eventually be a $30 trillion company as it benefits from autonomous driving and robotics. That implies 2,975% upside from its current market value. It also implies a share price of $9,310. Tesla is one of the most controversial stocks on the market. Investors tend to have binary opinions, either seeing Tesla as an overrated automaker or a revolutionary company poised to reshape the global mobility and labor markets with artificial intelligence. Read on to learn more. Tesla is losing market share in electric vehicles, and Musk warned of rough quarters ahead Tesla ceded significant market share in electric vehicles during the past year as competition increased and CEO Elon Musk damaged the brand with his political activities. The company accounted for just 10% of battery electric vehicle sales through May, down from 16% in the same period last year, according to Morgan Stanley. Tesla reported weak second-quarter financial results. Deliveries decreased by 13%, the second straight drop. Revenue declined 12% to $22 billion, operating margin narrowed by 2 percentage points, and non-GAAP (generally accepted accounting principles) earnings fell 23% to $0.40 per diluted share. Musk also warned that the next few quarters could be rough as the company ramps up its autonomous driving business. "We probably could have a few rough quarters. I'm not saying we will, but we could," he told analysts on the earnings call. "But once we get autonomous to scale in the second half of next year, certainly by the end of next year, I'd be really surprised if the economics are not very compelling." Tesla has substantial opportunities in autonomous ride-hailing services and humanoid robots Tesla has been developing its autonomous driving software for more than a decade. Its vision-only approach (meaning its cars are equipped only with cameras) gives the company a theoretical edge over the market leader Alphabet's Waymo, which relies on a more costly array of cameras, lidar, and radar. Tesla also has more camera-equipped cars on the road collecting data to train the underlying artificial intelligence (AI) models. Importantly, while Waymo is currently the market leader, with commercial autonomous ride-hailing services in five U.S. cities, Elon Musk thinks Tesla will catch up quickly because its vision-only strategy is more scalable. Indeed, the company recently started its first robotaxi service in Austin, but Musk says the coverage area could include half the U.S. population by year-end. Additionally, Musk says Tesla could eventually have 99% market share in autonomous ride-hailing, which itself is forecast to be a trillion-dollar market in about 15 years. Tom Narayan at RBC Capital expects global robotaxi revenue to reach $1.7 trillion by 2040. He also says Tesla could earn $115 billion in revenue from robotaxi services in that year. Beyond robotaxis, Tesla is also developing an autonomous humanoid robot, called Optimus, to revolutionize the labor industry. Robots could be particularly useful in handling tasks too dangerous, tedious, or physically demanding for humans. Musk says Optimus production will hit 100,000 units monthly (more than 1 million annually) within five years. He also says humanoid robots could be a $10 trillion opportunity for Tesla. The Ark Invest analysts, led by Tasha Keeney, built their 2029 forecast around autonomous driving. Robotaxis are projected to account for more than 60% of revenue, roughly $750 billion, while electric car sales account for less than 30%. The remaining portion will come from energy storage and insurance. Keeney did not factor Optimus into the calculations, but her robotaxi estimates are much more aggressive than those from Narayan at RBC. Tesla's valuation looks absurdly expensive, but autonomous driving and robotics could change the narrative Wall Street estimates Tesla's earnings will increase by 20% annually over the next three to five years. That makes the current valuation of 175 times earnings look absurdly expensive. But Tesla bulls think most analysts are underestimating the impact that robotaxis and robots will have on the business. For instance, Ark Invest estimates that Tesla's earnings before interest, taxes, depreciation, and amortization (EBITDA) will increase by over 3,000% to $440 billion by 2029, which implies a compound annual growth rate of about 115%. While I find that scenario highly unlikely, earnings growth of that magnitude would justify the current valuation. Here's the bottom line: Traders who lack confidence in the robotaxi and robotics narrative should avoid this stock. But patient investors who believe Tesla could revolutionize the mobility and labor markets with AI products like self-driving cars and humanoid robots should own a position. Should you buy stock in Tesla right now? The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Trevor Jennewine has positions in Tesla. The Motley Fool has positions in and recommends Alphabet and Tesla. The Motley Fool has a disclosure policy. 1 AI Robotics Stock to Buy Before It Soars 758% to $8 Trillion, According to a Wall Street Analyst was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
37 minutes ago
- Yahoo
1 Reason Wall Street Is Obsessed With SoundHound AI
Key Points SoundHound AI grabbed Wall Street's attention last year thanks to its partnership with Nvidia. The companies are teaming up on voice-controlled vehicle technology using Nvidia's Drive platform. Despite its meme stock reputation, SoundHound AI has a serious business model and innovative AI products. 10 stocks we like better than SoundHound AI › Building voice control systems around advanced artificial intelligence (AI) makes SoundHound AI (NASDAQ: SOUN) a promising investment these days. But that's not the whole story. In short, SoundHound AI is the talk of the town (and by "town," I mean Wall Street) because of its tight connection with AI pioneer Nvidia (NASDAQ: NVDA). Two peas in an AI pod This used to be a pretty obvious thing. SoundHound AI's stock surged sky-high in early 2024 because Nvidia made a small investment in the company's stock. The AI chip giant followed up with not one but two SoundHound AI partnerships. The companies are working together on voice-controlled vehicle features as part of the Nvidia Drive platform. Furthermore, SoundHound AI is working closely with Nvidia to deliver real-time AI responses even if you don't have access to the internet. Nvidia has sold its handful of SoundHound AI shares. Many investors may have forgotten this important connection, but the two projects are still happening. For example, SoundHound AI recently presented new in-car ordering systems that rely on the vehicle's Nvidia-powered AI hardware -- not the fast food restaurant's digital tools. Don't sleep on SoundHound AI's earnings You might have written SoundHound AI off as a pure meme stock in recent months, driven more by social media posts than business prospects. That's a mistake. Sure, SoundHound AI's shares still look a bit pricey after the meme-based shenanigans of 2024, but the company also runs a serious business -- and it can't hurt to have Nvidia as a partner. I expect more details about SoundHound AI's cozy Nvidia connections in next Thursday's second-quarter earnings call. The company has delivered mixed results in recent quarters, with soft revenue growth but plenty of bullish bottom-line surprises. I don't recommend loading up on SoundHound AI's pricey stock ahead of this event, but you could set up a small position just to keep an eye on this promising AI stock in the long run. Should you invest $1,000 in SoundHound AI right now? Before you buy stock in SoundHound AI, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and SoundHound AI wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Anders Bylund has positions in Nvidia and SoundHound AI. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. 1 Reason Wall Street Is Obsessed With SoundHound AI was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
37 minutes ago
- Yahoo
5 Hypergrowth Tech Stocks to Buy in 2025
Key Points Palantir looks like one of the best growth stories in AI. SoundHound AI and AppLovin have been seeing explosive revenue growth. GitLab and Toast have both been delivering strong, consistent growth and have solid opportunities ahead. 10 stocks we like better than Palantir Technologies › Investors looking for serious upside should keep their eyes on companies delivering explosive revenue growth. While earnings can fluctuate, top-line momentum is often the clearest sign that a company is winning market share or tapping into a new megatrend. Let's look at five tech stocks that are all growing their core revenue metrics by 25% or more and look well positioned to continue to see strong growth. Palantir Palantir Technologies (NASDAQ: PLTR) is becoming one of the best growth stories in all of artificial intelligence (AI). In the first quarter, it saw its revenue soar 39% to $883.9 million, marking its seventh straight quarter of accelerating revenue growth. The big driver continues to be its U.S. commercial business, which saw revenue surge 71% year over year to $255 million. However, it also saw strong momentum with its largest customer -- the U.S. government -- where revenue climbed 45%. The company is benefiting from customers beginning to adopt its AI Platform (AIP), which helps make AI more actionable. Best of all, AIP isn't just for one type of problem or industry. The platform is already being used to help solve a wide variety of real-world problems across very distinct industries. Importantly, many customers are still in their very early stages of usage, and the company has a big growth opportunity just within its existing customer base. The breadth of use cases for which AIP can be used gives Palantir a huge runway of growth still in front it. Ultimately, Palantir is trying to turn AIP into an AI operating system. If successful, the company could still see substantial growth. SoundHound AI If there is one company in hypergrowth mode, it's SoundHound AI (NASDAQ: SOUN). Last quarter, its revenue surged 151% year over year to $29.1 million, marking its sixth straight quarter of 50%+ growth. That type of growth suggests SoundHound's platform is starting to gain some serious traction. The company's tech has already made solid inroads in the automotive industry, as carmakers look to replace big-tech partners with more customizable voice solutions. It's also gained a nice foothold in the restaurant space, where its technology is used to power voice-ordering systems. Meanwhile, its acquisition of Amelia last year gave SoundHound not only access to other important industry verticals but also advanced conversational intelligence to go along with its own "speech-to-meaning" and "deep meaning understanding" technology. The Amelia acquisition is also part of the foundation for its next big opportunity: agentic AI. With the launch of Amelia 7.0, the company has introduced AI voice agents that operate independently to handle tasks. If SoundHound's technology can become the preferred interface for agentic AI across various industries, the company could remain in hypergrowth mode for quite some time. AppLovin AppLovin (NASDAQ: APP) isn't just growing its revenue, it's also printing money. In Q1, its revenue jumped 40% to $1.48 billion, while ad revenue soared 73% thanks to its AI-powered Axon 2 engine. But that's not all. Gross margins are also expanding, while its earnings and free cash flow have also been soaring. The key to AppLovin's success has been its Axon 2 adtech engine, which optimizes ad targeting, bidding, and placement. The technology has helped the company take massive share in the mobile gaming market, where it thinks it can continue to grow 20% to 30% into the foreseeable future. But AppLovin is not looking to stop with gaming apps. The company is now piloting its ad engine with web-based and e-commerce advertising, where it sees huge potential. If it can replicate its gaming app success in other areas, the stock has far more room to run. GitLab GitLab (NASDAQ: GTLB) continues to put up consistent 25%+ revenue growth, with Q1 revenue rising 27% year over year to $214.5 million. That marked its eighth straight quarter of top-line growth in the 25% to 40% range. While some worry about the impact that AI will have on its business, GitLab is using AI to transform its business from a code repository into a full software-development life cycle platform. With the launch of GitLab 18, the company has released multiple new features, including its Duo Agent platform, which allows AI agents to help across the entire software-development lifecycle. GitLab is now helping automate everything in the software development process, which is huge given that developers typically only spend about 20% of their time writing code. With the company's platform adding a lot more value, don't be shocked if GitLab eventually looks to make the shift away from a seat-based model to one that is consumption-based. GitLab has positioned itself well in an AI world, and such a move would likely be a big revenue growth driver for the company. Toast Toast (NYSE: TOST) is becoming a powerhouse in restaurant tech. Revenue from subscription and fintech solutions jumped 35% year over year in Q1, while total restaurant locations using Toast's platform hit 140,000 -- a 25% increase from a year ago. Toast is more than just a payment processor. It's becoming the digital operating system for restaurants, offering tools for menu optimization, staffing, and even marketing. Its AI-driven ToastIQ and Sous Chef modules are helping restaurants make smarter decisions in real time, and it recently landed big enterprise wins with Applebee's and Topgolf. Toast is also expanding internationally, giving it even more room to grow. Restaurants are under pressure to operate more efficiently, and Toast is increasingly the go-to platform. With its expanding footprint and growing AI capabilities, this looks like a name with a long runway ahead. Should you buy stock in Palantir Technologies right now? Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Palantir Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Geoffrey Seiler has positions in GitLab and Toast. The Motley Fool has positions in and recommends AppLovin, GitLab, Palantir Technologies, and Toast. The Motley Fool recommends Topgolf Callaway Brands. The Motley Fool has a disclosure policy. 5 Hypergrowth Tech Stocks to Buy in 2025 was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
