Uber is investing hundreds of millions of dollars into EV maker Lucid and autonomous vehicle technology startup Nuro in a bid to launch its own premium robotaxi service.
Uber on Thursday announced a $300 million partnership to deploy more than 20,000 robotaxis over the next six years as demand for driverless cars kicks into high gear. The ride-hailing company will invest $300 million in Lucid.
The Chinese search engine giant Baidu's stock (NASDAQ: BIDU) jumped by nearly 9% during trading on Tuesday. This increase comes in the wake of a multi-year collaboration with ride-hailing leader Uber.
Uber and Baidu join forces in the self-driving taxi market, combining Uber's network with Baidu's Apollo Go robotaxi fleet that has completed over 11 million rides across 15 cities.
Uber has struck another deal with a robotaxi provider, and this time it's with Chinese tech giant Baidu.
UBER rides on strong gross bookings growth across mobility and delivery, with the second-quarter outlook pointing to 16-20% gains.
The race for artificial intelligence is one of the biggest gold mines in the global economy and the technology sector. The development of better models can spur growth in unrelated areas that most investors haven't seen coming.
Uber Technologies (UBER) reached $95.39 at the closing of the latest trading day, reflecting a -1.05% change compared to its last close.
Recently, Zacks.com users have been paying close attention to Uber (UBER). This makes it worthwhile to examine what the stock has in store.
Uber's market-leading position and strong brand create a durable MOAT, despite fears about autonomous vehicles disrupting its business model. Partnerships with Waymo, Cruise, and Volkswagen position Uber to benefit from the autonomous vehicle shift, rather than be disrupted by it. Financial performance is robust, with strong revenue, EBITDA, and free cash flow growth expected to continue through 2026 and beyond.
Uber (UBER) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
While financial headlines often dwell on risk, uncertainty, and macro noise, savvy investors know we're living through one of the most exciting and profitable periods in market history. From autonomous vehicles and digital assets to the exponential growth of AI and the broader digital economy, the technological megatrends shaping today's markets are powerful and enduring.