{"id":44764,"date":"2025-01-07T15:17:24","date_gmt":"2025-01-07T15:17:24","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/uber-stock-gains-on-av-partnership-with-nvidia-heres-what-investors-should-know\/"},"modified":"2025-01-07T15:17:24","modified_gmt":"2025-01-07T15:17:24","slug":"uber-stock-gains-on-av-partnership-with-nvidia-heres-what-investors-should-know","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/uber-stock-gains-on-av-partnership-with-nvidia-heres-what-investors-should-know\/","title":{"rendered":"Uber stock gains on AV partnership with Nvidia: here\u2019s what investors should know"},"content":{"rendered":"

(Originally posted on : Invezz )<\/b>
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Uber Technologies Inc (NYSE:UBER) shares rose by as much as 3.2% in the pre-market hours after the company announced a strategic partnership with Nvidia Corp (NASDAQ:NVDA) to fast-track autonomous driving technology development. <\/p>\n

This collaboration will aid Uber fulfil its ambition to remain at the forefront of innovation in the competitive autonomous vehicle (AV) market.<\/p>\n

“Generative AI will power the future of mobility, requiring both rich data and very powerful compute,” Uber Chief Executive Dara Khosrowshahi said in the news release. <\/p>\n

“By working with NVIDIA, we are confident that we can help supercharge the timeline for safe and scalable autonomous driving solutions for the industry,” he added. <\/p>\n

The partnership leverages Nvidia\u2019s Cosmos platform and DGX Cloud, coupled with data from millions of Uber\u2019s daily trips, to enhance AI model development. <\/p>\n

Nvidia Cosmos, designed to minimize costs and resource constraints in physical AI system development, is particularly valuable for applications like autonomous vehicles. <\/p>\n

The DGX Cloud, meanwhile, offers a high-performance, managed AI platform that streamlines model creation across multiple cloud environments.<\/p>\n

Norm Marks, vice president of automotive at Nvidia, expressed enthusiasm about the collaboration, stating that Uber is among the first mobility leaders to adopt these platforms. <\/p>\n

This partnership is expected to empower the AV ecosystem with advanced tools and platforms, with further details to be shared later in the year.<\/p>\n

Uber takes strides in AV but investors have remained skeptical <\/h2>\n

Uber\u2019s partnership with Nvidia aligns with its broader strategy of collaborating with autonomous vehicle (AV) developers rather than owning and operating its own AV division. <\/p>\n

The company exited direct development of autonomous technology by selling its AV unit in late 2020, choosing instead to position itself as a platform partner for AV innovators.<\/p>\n

This approach has led to strategic alliances with industry leaders like Waymo, Google\u2019s self-driving car division. <\/p>\n

Uber already integrates Waymo vehicles into its platform in Phoenix and plans to expand this partnership to Austin and Atlanta next year. <\/p>\n

Additionally, the company recently introduced robotaxis to its app in Abu Dhabi through a collaboration with Chinese mobility firm WeRide (WRD).<\/p>\n

Despite these initiatives, investor sentiment around Uber\u2019s AV strategy remains mixed. <\/p>\n

Concerns about the broader implications of AV adoption on Uber\u2019s business model have created market volatility. <\/p>\n

For instance, Uber shares declined after Waymo announced its expansion to Miami using its own app rather than partnering with Uber. <\/p>\n

Similarly, progress updates from Tesla (TSLA) on its robotaxi service over the past six months have often pressured Uber\u2019s stock.<\/p>\n

Uber\u2019s shares have faced headwinds in recent months, with the stock losing 25% from its October high of $87. <\/p>\n

This reflects broader market skepticism about how Uber will navigate the competitive and disruptive AV landscape. <\/p>\n

While its strategy of partnering with AV developers positions it to leverage innovation, investors remain cautious about the long-term implications for Uber\u2019s ride-hailing dominance and financial performance.<\/p>\n

Uber stock 2025 rally<\/h2>\n

Despite investor skepticism, Uber is starting 2025 strong, rallying 10% so far this month to retake stock’s 21-day moving average.<\/p>\n

Further gains Tuesday could have Uber test support for its longer-term 50-day moving average.<\/p>\n

According to Investor Business Daily, overall, Uber has an IBD Composite Rating of 69 out of a best-possible 99, according to IBD Stock Checkup. <\/p>\n

IBD’s Composite Rating combines five separate proprietary ratings into one easy-to-use rating. <\/p>\n

The best growth stocks have a\u00a0Composite Rating\u00a0of 90 or better.<\/p>\n<\/p>\n

The post Uber stock gains on AV partnership with Nvidia: here’s what investors should know<\/a> appeared first on Invezz<\/a><\/p>\n

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(Originally posted on : Invezz ) Uber Technologies Inc (NYSE:UBER) shares rose by as much as 3.2% in the pre-market hours after the company announced a strategic partnership with Nvidia Corp (NASDAQ:NVDA) to fast-track autonomous driving technology development. This collaboration will aid Uber fulfil its ambition to remain at the forefront of innovation in the […]<\/p>\n","protected":false},"author":3947362359,"featured_media":44765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[37],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44764"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362359"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=44764"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44764\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/44765"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=44764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=44764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=44764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}