Analysts at Wedbush have highlighted Uber Technologies Inc (NYSE:UBER, XETRA:UT8)' strong positioning in autonomous vehicles (AVs) after the company announced a partnership with Amazon.com Inc (NASDAQ:AMZN)-owned Zoox. “Uber now has partnerships with every major unsupervised player, reinforcing our view that they are uniquely well-positioned to benefit from AVs,” Wedbush wrote.
Uber Technologies, Nissan Motor and U.K. self-driving car startup Wayve have joined forces to offer robotaxi services, with a pilot program in Tokyo planned for late 2026.
Uber just announced a partnership with Zoox, Amazon's robotaxi subsidiary, and the stock jumped nearly 3% on the news.
Evercore says internet stocks including Amazon.com, Meta Platforms, and Uber Technologies have fallen too far as investors worry about AI disruption and geopolitical risks.
UBER rolls out Women Preferences nationwide, letting women riders and drivers match with each other as it aims to address safety concerns and boost platform trust.
Amazon's Zoox still needs regulatory approval to use its custom-built robotaxis for commercial service
Uber Technologies (NYSE:UBER | UBER Price Prediction) shares rose 4% Wednesday morning as a wave of autonomous mobility headlines puts the stock squarely back in the spotlight.
Shares of Uber (NYSE: UBER) shot up 3.65% in pre-market trading on Wednesday, March 11, just as the company announced a new partnership with Zoox, an Amazon (NASDAQ: AMZN) robotaxi subsidiary.
Uber is partnering with Amazon-owned Zoox to let riders book the company's small, boxy electric vans via the Uber app starting in Las Vegas this summer, with Los Angeles slated to follow in 2027.
Amazon's Zoox formed a multiyear partnership with Uber that will soon make the company's toaster-shaped robotaxis available via the popular ride-hailing app in the U.S. Uber plans to offer Zoox driverless rides in Las Vegas this summer, and in Los Angeles next year.
Uber trades at a steep discount to industrial levels. Despite strong gross bookings growth and expansion moves, robotaxi competition and regulatory risks cloud the near-term outlook.
Uber (UBER) reported earnings 30 days ago. What's next for the stock?