Uber Stock Jumps 5% After Uttering Magic Words ‘Nvidia’ and ‘AI.’

6 days ago 8

Rich Duprey

Tue, March 17, 2026 astatine 10:33 AM CDT 4 min read

Uber Technologies (NYSE:UBER) shares climbed 5% successful greeting trading contiguous aft the institution announced its long-anticipated autonomous robotaxi fleet volition motorboat successful Los Angeles and San Francisco successful the archetypal fractional of 2027 earlier expanding to 28 cities globally by 2028. The timing and standard were notable, but what genuinely electrified investors were 2 peculiar words that reliably foodstuff banal prices erstwhile spoken successful tandem: “Nvidia” and “AI.”

The ride-hailing giant’s concern enlargement with Nvidia (NASDAQ:NVDA) to deploy Level 4 software-driven vehicles connected its level turned an different acquainted update into a marketplace event, sending the banal higher amid broader enthusiasm for artificial-intelligence-powered mobility.

Uber’s robotaxi ambitions person been nationalist and wide anticipated for months, if not years. At CES 2026 successful January, the company, alongside Lucid Motors (NASDAQ:LCID) and autonomy specializer Nuro, unveiled a premium robotaxi built connected Lucid’s Gravity SUV platform, with on-road autonomous investigating already underway since December. The vehicle’s spacious, luxurious compartment and integrated sensor suite were positioned arsenic a measurement supra emblematic robotaxis, promising riders a high-end acquisition exclusive to the Uber network.

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Even earlier, successful July 2025, Lucid ignited a frenzy erstwhile it disclosed a $300 cardinal strategical concern and concern from Uber to present up to 20,000 electrical vehicles implicit six years for the robotaxi program. That woody unsocial propelled Lucid shares astatine the clip and signaled Uber’s committedness to scaling a dedicated autonomous fleet.

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