markets

Matt Phillips2/14/25

Nvidia discloses stake in WeRide, igniting trading frenzy

ADRs of Chinese self-driving firm WeRide were up nearly 100% — yes, doubled — in early trading on Friday after AI chip behemoth Nvidia disclosed a roughly 1.7 million-share, $25 million stake in the company.

(This disclosure was in the same filing that sent SoundHound AI reeling after Nvidia disposed of its stake in the voice AI company.)

Founded in 2017, WeRide specializes in robotaxis and autonomous driving technology. It only listed its US ADRs on the Nasdaq in October, touting itself as “the only technology company worldwide simultaneously holding autonomous driving licenses in China, the UAE, Singapore, and the U.S.”

The ADRs had risen a total of 1% since listing in October through yesterday’s close. Then they went boom.

Nvidia Dumps SoundHound, Trims Arm Stake, Buys These 2 Stocks

Nvidia Dumps SoundHound, Trims Arm Stake, Buys These 2 Stocks

Founded in 2017, WeRide specializes in robotaxis and autonomous driving technology. It only listed its US ADRs on the Nasdaq in October, touting itself as “the only technology company worldwide simultaneously holding autonomous driving licenses in China, the UAE, Singapore, and the U.S.”

The ADRs had risen a total of 1% since listing in October through yesterday’s close. Then they went boom.

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Broadcom tumbles despite top- and bottom-line beat on dearth of new major customers

CEO Hock Tan revealed that Anthropic is the $10 billion mystery customer announced last quarter, and that the company has since secured a fifth major customer for AI chips.

Tasha Matsumoto

S&P 500 closes at a new all-time high despite a slide in AI stocks

It was the 37th record closing high of 2025 for the benchmark index.

Chicago Bulls Dennis Rodman (91), Scottie Pippen (33) and Michael Jordan (23) during game vs Miami Heat. Miami, FL 2/23/1996

J. Edward Moreno

DoorDash, Uber sue NYC over tipping law

According to data from the city, New Yorkers are paying higher fees and tipping less.

Third Party Food Delivery Prices Continue To Rise

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Max Knoblauch8h

Budget airline stocks dip as Spirit pilots ratify contract that’ll help the carrier stay afloat

Low-cost airlines JetBlue and Frontier are trading lower on Thursday following the news that Spirit Airlines pilots ratified modifications to their labor contract that will lower costs for the carrier, which filed for bankruptcy in August.

According to the Air Line Pilots Association, Spirit pilots approved a deal that included “temporary reductions to pay rates and retirement contributions.” Beginning January 1, hourly pay will be reduced 8% and retirement contributions will drop by half, from 16% to 8%.

“Spirit pilots made a difficult choice that provides the Company with what it needs from labor to secure financing and complete its restructuring,” said Captain Ryan P. Muller, chairman of the Spirit Airlines Master Executive Council.

Wall Street sees JetBlue and Frontier as the biggest beneficiaries to Spirit’s woes, and both carriers have attempted to purchase Spirit in recent years.

markets

Matt Phillips8h

Planet Labs rips on strong earnings report

Satellite services company Planet Labs was on track for a new record closing high after rising more than 35% in early afternoon trading on Thursday.

The roughly $5 billion company posted better-than-expected quarterly results and guided toward higher-than-expected sales for the current quarter after the close of trading Wednesday.

“AI continues to be a major tailwind as the company is seeing significant demand through enhanced capabilities for its advanced satellite data solutions,” wrote Wedbush Securities tech analyst Dan Ives, adding, “We continue to believe the PL is well-positioned at the intersection of Space and AI.” He has an “outperform” — basically a “buy” — rating and a price target of $20 on the stock.

Other satellite services AST SpaceMobile and Rocket Lab also enjoyed a bump on Thursday, seemingly riding the momentum of Planet Labs’ numbers.

Planet Labs Stock Soars After Earnings Report. Why Shares Are Headed to the Moon.

Planet Labs Stock Soars After Earnings Report. Why Shares Are Headed to the Moon.

“AI continues to be a major tailwind as the company is seeing significant demand through enhanced capabilities for its advanced satellite data solutions,” wrote Wedbush Securities tech analyst Dan Ives, adding, “We continue to believe the PL is well-positioned at the intersection of Space and AI.” He has an “outperform” — basically a “buy” — rating and a price target of $20 on the stock.

Other satellite services AST SpaceMobile and Rocket Lab also enjoyed a bump on Thursday, seemingly riding the momentum of Planet Labs’ numbers.

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