Nasdaq-traded shares in WeRide, a China-headquartered autonomous vehicle technology supplier, soared by another 28% on Tuesday, closing at $40.40, following word at the end of last week that AI-chip supplier Nvidia had bought stock in the company.

Shares of WeRide Inc. (NASDAQ: WRD), a Chinese-based autonomous vehicle technology company, soared on Friday after NVIDIA (NASDAQ: NVDA) disclosed in a regulatory 13F filing that it holds over 1.7 million shares in the company.

Shares of WeRide (NASDAQ:WRD) are rocketing 66% higher in morning trading after Nvidia (NASDAQ:NVDA) took a 1.7 million-share stake in the company worth $24.65 million. The stock of the Chinese self-driving car startup had been up as much as 130% at the market opened,

WeRide Inc.'s stock soared after Nvidia Corporation's stake, but financial instability and potential dilution make it a risky investment. Click for more on WRD.

The market’s memory is still fresh when it comes to the volatility induced by the NVIDIA Co. (NASDAQ: NVDA) flash sell-off that came from the DeepSeek debacle in China. However, the relationship between NVIDIA and China goes well beyond that recent incident.