By Simply Wall St
Publication Date: 2026-05-24 13:14:00
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Uber Technologies (NYSE:UBER) announced a partnership with Nvidia focused on global robotaxi deployment.
The company plans to commit $10b to autonomous vehicle efforts targeting operations in nearly 30 cities across 4 continents by 2028.
This move centers on using Nvidia’s AI hardware and software to support Uber’s push into large scale self driving ride services.
Uber shares last closed at $71.82, with the stock down 13.3% year to date and down 18.2% over the past year. Over a 3 year period the stock is up 86.8%, and over 5 years it is up 41.3%, so this new partnership lands after a mix of shorter term pressure and longer term gains for NYSE:UBER.
For investors, the Nvidia partnership and $10b commitment place autonomous vehicles at the center of Uber’s story, alongside its existing ride hailing and delivery businesses. The scope, nearly 30 cities across 4 continents by 2028, provides a clear timeline to watch for execution, capital allocation decisions, and how robotaxis might affect Uber’s cost base and competitive position over time.
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