The rise of autonomous driving is proving to be the biggest perceived risk to my investment thesis for Uber in the long term. Last week, Uber stock crashed 10% when Google-backed Waymo announced plans to expand to Miami through its partnership with Moove, an African mobility platform. After evaluating Uber's strategic positioning in the ridesharing market with access to invaluable demand and supply data, I believe the market reaction to Waymo's expansion is exaggerated.
Uber (UBER -1.11%) stock is falling as driverless technology improves.
Zacks.com users have recently been watching Uber (UBER) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In today's video, I will discuss recent updates regarding Uber (UBER -1.02%) and explain why now might be the best time to buy the stock. Watch the short video to learn more, consider subscribing, and click the special offer link below.
Nvidia (NVDA -1.81%) is the leading supplier of high-end graphics processing units (GPUs) for data centers, where they are used to power and train artificial intelligence (AI) applications. Uber Technologies (UBER 1.32%) operates the world's largest ride-hailing platform and also the Uber Eats food-delivery service.
Waymo is moving into Miami, but Mark Mahaney doesn't expect it to be a death knell for Uber Technologies (UBER). He argues the rideshare has time to accelerate in the autonomous driving space and position itself well against Waymo.
Uber is undervalued, trading at 28 times '25 earnings, with a 4.5% free cash flow yield, and anticipated mid-teens revenue growth. Market fears of AV disruption are exaggerated; Uber's complex platform and partnerships position it as a likely global aggregator in an AV world. Waymo and Tesla's AV technologies are years away from scaling, and Uber's existing infrastructure offers significant advantages during the transition period and beyond.
Uber Technologies Inc (NYSE: UBER) is in focus this morning after teaming up with WeRide to launch robotaxis in Abu Dhabi. WeRide is a self-driving startup that already holds permits for its autonomous cars in several countries, including Singapore, UAE, the United States, and its hometown – China.
A Wall Street analyst defended Uber and Lyft shares on Friday after the stocks posted steep declines on Thursday.
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Uber and Chinese autonomous vehicle makers WeRide announced that they are partnering to offer a robotaxi service in Abu Dhabi. Human safety drivers will supervise the rides to start with.
Uber Technologies (NYSE: UBER) and WeRide (NASDAQ: WRD) have launched a ride-hailing partnership in Abu Dhabi, marking the first availability of autonomous vehicles (AVs) on Uber's platform outside the U.S. and the largest Robotaxi service outside the U.S. and China. Riders using UberX or Uber Comfort may now be matched with WeRide autonomous vehicles for trips coming to or going from the Zayed International Airport, with plans to expand coverage.