Uber will use Nvidia’s new generative world model simulation tool, Cosmos, and cloud-based AI supercomputing platform, DGX Cloud, to support the development of autonomous vehicle technology, the companies announced at CES 2025.Cosmos is being marketed to robotics and autonomy companies as a tool that generates physics-based videos from a variety of inputs, including 9,000 trillion tokens generated from 20 million hours of (likely copyrighted) video, which can be used to simulate realistic industrial and dri ...

Shares of Uber Technologies (UBER) gained 2.7% on Jan. 6, closing the trading session at $66.31. The uptick followed a significant move by the company to return value to its shareholders. UBER announced that it would start an accelerated $1.5 billion stock buyback program. To this end, the San Francisco, CA-based ride-hailing company entered into an accelerated share repurchase ("ASR") agreement with Bank of America (BAC) .Digging the Details of UBER’s Accelerated Share Repurchase AgreementThe $1.5 billion ...

Key TakeawaysUber Technologies and Nvidia will collaborate on accelerating artificial intelligence technology in autonomous vehicles.Uber will use Nvidia's Cosmos platform and DGX cloud to create AI self-driving models more efficiently.CEO Dara Khosrowshahi explained that AI will "power the future of mobility." Uber Technologies (UBER) shares rose in premarket trading Tuesday as the biggest ride-sharing company announced that it was teaming up with Nvidia (NVDA) to speed up the use of artificial intelligen ...

Group 1: Analyst Sentiment and Stock Performance - Analysts' sentiment trends are positive, indicating a 40% rise in Uber shares over the next year, driven by expectations of accelerating earnings growth and free cash flow (FCF) [1] - The number of analysts covering Uber increased by 20% over the last year, with the price target rising by 60%, reflecting strong market support [2] - Consensus forecasts a 40% rise for Uber's stock from the 2025 opening bid, with notable mentions from major investment firms [2] Group 2: Financial Performance and Forecast - Uber's 2024 results show significant traction, with a forecast for FQ4 growth sustaining at nearly 20% [3] - The 12-month stock price forecast for Uber is $91.53, representing a 38.20% upside, based on 39 analyst ratings [4] - Free cash flow reached $2.1 billion in FQ3, up 133% year-over-year, allowing for robust share repurchases and debt reduction [4] Group 3: Share Repurchase and Debt Management - Uber announced a $1.5 billion accelerated share repurchase authorization, part of a $7 billion allotment approved for 2024, expected to be completed in Q1 2025 [5] - Share repurchases in FQ3 reduced the share count by 2.1%, with expectations for continued repurchases due to positive earnings and cash flow outlook [5] Group 4: Market Position and Risks - While autonomous vehicles pose a risk to ride-sharing businesses, Uber is well-positioned to benefit from this technology, potentially partnering with businesses to operate self-driving delivery fleets [6][7] - The stock has experienced volatility but is showing signs of recovery, with critical support levels identified around $60 and resistance near $69 [8]

Stock Buyback Program - Uber announced an accelerated stock buyback program, agreeing to buy back $1.5 billion in shares from Bank of America, representing about 80% of the shares under the accelerated plan [1] - The $1.5 billion buyback is expected to deliver more than 18.5 million shares, with the remaining purchases to be completed in Q1 2025 [1] - This accelerated plan is part of the $7 billion stock buyback program announced in February 2024, marking the company's first-ever buyback program [2] Financial Performance and Strategy - Uber CFO Prashanth Mahendra-Rajah stated that the company is entering 2025 with "considerable momentum" and plans to significantly scale free cash flows [3] - The CFO emphasized that Uber's stock is undervalued relative to the strength of its business, justifying the accelerated buybacks as a value-enhancing deployment of capital [4] - In the first three quarters of fiscal 2024, Uber spent $697 million on stock buybacks [4] Market Reaction - Uber shares rose more than 2.75% on Monday morning following the announcement of the accelerated buyback program [5]

A major cultural shift is only going to strengthen the tailwind driving this other company's ticker upward.There are no two ways about it. Amazon is one of the modern era's best-performing stocks, up roughly 300,000% since its 1997 public offering. The next 30 years aren't likely to be nearly as rewarding, but thanks to the company's foray into cloud computing, the e-commerce giant is still one of the market's most promising investment prospects at this time.There's a better growth stock to consider adding ...

Executive Resignation - Dara Khosrowshahi resigns from Aurora Innovation's board to focus on his role as Uber CEO and reduce external commitments [1] - The resignation was effective immediately and not due to any disagreement with Aurora [1] Historical Relationship Between Uber and Aurora - Uber offloaded its self-driving unit, Uber ATG, to Aurora in 2020, investing $400 million for a 26% stake in the combined company [2] - Khosrowshahi joined Aurora's board as part of the 2020 deal [2] Ongoing Collaboration - Uber Freight, Uber's freight brokerage platform, maintains a connection with Aurora [3] - In June, Uber and Aurora announced a multi-year collaboration to deploy Aurora-powered trucks on the Uber Freight network [3] Non-Exclusive Partnerships - Uber also has a deal with Waabi, a self-driving truck startup founded by Raquel Urtasun, a former Uber ATG executive [4]

Investors in Uber Technologies, Inc. (UBER) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $17.50 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It cou ...

Which of these ride-hailing leaders is a better buy?Uber (UBER -0.59%) and Lyft (LYFT -1.95%) are both synonymous with ride-hailing services. Uber is the market leader in the U.S. and many other countries, while Lyft is an underdog that operates only in the U.S. and Canada.Uber also delivers food and other products through Uber Eats, but Lyft provides deliveries only through third-party partners such as DoorDash. Both companies also provide bike and electric scooter rentals in select cities. Uber and Lyft b ...

Autonomous Driving Industry - The autonomous driving trend has recently regained attention due to key announcements from major players [3] - Tesla (TSLA) plans to start production of the Cybercab before 2027 [3] - Google's Waymo (GOOGL) has made significant announcements regarding its autonomous driving initiatives [3] Analyst Background - The equity research analyst has extensive experience in the financial market, covering both Brazilian and global stocks [2] - The analyst's approach is primarily fundamental, focusing on identifying undervalued stocks with growth potential [2] - The analyst is associated with D M Martins Research [2]