Just caught WeRide's big reveal at Nvidia's GTC conference this week - they dropped their new Robotaxi GXR model powered by Nvidia's latest autonomous driving tech. The specs look solid: they're claiming their new HPC 3.0 computing platform could slash costs by 50% and total ownership expenses by 84%, which is pretty significant if they can actually pull it off. That's the kind of efficiency gain that matters when you're trying to scale robotaxi operations globally.

Here's what got my attention though - the robotaxi stock itself has been getting hammered. WRD is down 63% year-over-year and trading near its 52-week lows around $6.56. Technically it's sitting below both the 20-day and 100-day moving averages, so there's been real selling pressure. That said, some of the technical indicators are starting to look interesting - MACD is showing a potential bullish crossover pattern, which traders often watch as a possible reversal signal.

The company's also launching actual robotaxi services in Singapore through Grab starting today (April 1), and they're targeting over 2,600 vehicles by end of 2026, scaling to tens of thousands by 2030. Wall Street analysts seem pretty bullish with a consensus Buy rating and average price target of $22.16, though that's a massive gap from current levels. Bank of America and Citigroup both have Buy ratings too. Resistance is at $7.00 and support at $6.00. Interesting setup - the robotaxi stock is getting real-world traction with the Singapore launch, but the market's been skeptical so far. Worth watching if this news catalyzes any actual buying.