Uber

UBER

Market cap $157B

Uber Technologies Inc (NYSE:UBER, XETRA:UT8) has increased its investment in Lucid Group Inc (NASDAQ:LCID) and expanded its vehicle purchase commitment, signaling a stronger push into autonomous ride-hailing, according to Bank of America. The ride-hailing company will invest an additional $200 million in Lucid, bringing its total investment to $500 million, while raising its commitment to purchase more than 35,000 vehicles from the electric vehicle maker.

Uber Technologies (NYSE:UBER | UBER Price Prediction) stock is up 7% today, rising from $72.91 to $77.76, while Lyft (NASDAQ:LYFT) stock is up 7% as well, climbing from $13.71 to $14.66.

Uber Technologies remains a core long-term holding, with a recent >10% correction creating a compelling entry point at attractive EBITDA multiples. UBER is expecting insurance costs to fall in FY26, which it's planning to reinvest into favorable ride pricing to maintain strong recent bookings growth momentum. Current valuation at 13.8x FY26 EV/EBITDA appears modest relative to >20% bookings growth and conservative consensus estimates, suggesting upside potential.

Uber Technologies (UBER) will up its autonomous reach as the rideshare giant seeks to invest $10 billion into a robotaxi fleet. Rick Ducat highlights recent price action as shares remain in a slump near 52-week lows.

According to The Information, Chief Technology Officer Praveen Neppalli Naga said Uber is now "back to the drawing board" after a surge in the use of AI coding tools, particularly Anthropic's Claude Code, has blown past internal expectations.

Uber Technologies Inc (NYSE:UBER, XETRA:UT8) is intensifying competition with dedicated robotaxi operators by committing more than $10 billion to autonomous vehicle purchases and equity stakes in their developers, the Financial Times reported on Wednesday. The investment marks a significant shift away from the ride-hailing giant's traditional asset-light model, as the company moves to defend its position against the growing robotaxi threat.

Uber has committed ​more than $10 ‌billion to buying thousands ​of ​autonomous vehicles and ⁠taking stakes ​in their ​developers, breaking from its asset-light "gig ​economy" ​business model to avoid ‌disruption ⁠from robotaxis, the Financial Times ​reported ​on ⁠Wednesday.

SAN FRANCISCO--(BUSINESS WIRE)--Uber Technologies, Inc. (NYSE: UBER) will hold its quarterly conference call to discuss its first quarter 2026 financial results on Wednesday, May 6th at 5:00 a.m. Pacific Time (8:00 a.m. Eastern Time). A live webcast of the conference call and earnings release materials can be found on Uber's Investor Relations website at investor.uber.com. A replay of the conference call will be accessible for at least 90 days. Disclosure Information Uber uses and intends to co.

Uber shares fall 23.5% in six months on regulatory pressure, Waymo robotaxi fears and soft Q4 EPS but bookings growth and diversification continue.

Lucid has named the former chairman and CEO of Schindler Group as its new chief executive. The selection of Silvio Napoli, who also serves on the board of American-Irish multinational power management company Eaton Corp., marks a stark change in direction for Lucid.