The article discusses the recent recovery of stock markets following trade war volatility, highlighting companies like NewsMax (NMAX) and WeRide (WRD). NewsMax's stock saw a dramatic rise after its IPO but was recently corrected to a more reasonable valuation after a significant loss, suggesting investor optimism about its future growth driven by an increasing conservative audience. WeRide is gaining attention after partnering with Uber to implement autonomous vehicles in Dubai, positioning itself well in a burgeoning industry amidst market fluctuations.
NewsMax initially surged after its IPO to $265, but its current valuation seems more rational at $22.34 after reporting a $72 million loss last year.
WeRide has partnered with Uber to introduce autonomous vehicles in Dubai, indicating a strategic move in the competitive autonomous market amid a recovering stock landscape.
The market volatility spurred by trade tensions seems to be settling, as evidenced by significant surges in stock performance for companies like NewsMax and WeRide.
NewsMax may potentially gain market share from larger competitors like MSNBC, which has seen an 18% audience decline, thus highlighting a growing conservative viewership.
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