Uber

UBER

Market cap $182B

Billionaire Bill Ackman runs Pershing Square, a hedge fund that beat the S&P 500 by 24 points in the last decade and currently owns large positions in Alphabet and Uber. Alphabet is monetizing artificial intelligence through custom chips and cloud computing services, as well as consumer products like Google Search and Gemini.

Bill Ackman's fund, Pershing Square Capital Management, typically holds 10 to 12 stocks at any given time. Lately, Ackman and his team have had an appetite for stocks in the artificial intelligence space.

Uber just reported its fastest quarterly growth since 2023. Its investments in new products like Uber One is paying off.

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Uber teams with WeRide to launch the Middle East's first robotaxi service in Abu Dhabi, aiming for global AV growth.

Bill Ackman's fund, Pershing Square Capital Management, owns 10-12 stocks at any one time. Ackman has praised Uber's management team for making the company highly profitable.

Shares of Uber Technologies, Inc.  (NYSE: UBER) are rebounding Wednesday. They have been trending lower over the past month, but things may be about to change.

U.S. stock futures rose on Wednesday after Tuesday's advances. Futures of major benchmark indices were higher.

Uber has taken another step in its global autonomous strategy by activating fully driverless rides in Abu Dhabi, using WeRide's technology to anchor its Middle East expansion. The service went live on Wednesday and makes the United Arab Emirates capital the first city in the region where Uber is offering a completely driverless robotaxi.

Uber Technologies rolled out driverless robotaxis in Abu Dhabi in partnership with Chinese autonomous-driving firm WeRide on Wednesday, following the tie-up they announced last year.