BofA Touts Uber Technologies Inc. (UBER) Prospects in Autonomous Vehicles on Nvidia Partnership

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According to BofA Securities, a strategical concern with Nvidia positions Uber to accelerate the adoption of Level 4 autonomous technology. It expects Nvidia’s hardware and bundle solutions to little barriers to introduction for archetypal instrumentality manufacturers, thereby benefiting the sector. Consequently, Uber would beryllium well-positioned to acquisition and lease autonomous vehicles for its network.

BofA Securities besides expects accrued contention among autonomous conveyance manufacturers to effect successful much autonomous vehicles connected Uber’s network. More AV connected Uber networks asserts the probe firm’s bullish stance connected the stock.

Likewise, analysts astatine Bernstein SocGen person besides reiterated a affirmative stance connected Uber stock, maintaining an outperform standing and a $115 terms target. The stance comes amid soaring contention successful the AV market.

Uber Technologies Inc. (NYSE:UBER) is simply a planetary tech institution that operates a multi-sided level connecting users with transportation, nutrient delivery, and freight services. It offers logistics solutions, with its halfway segments being Mobility, Delivery, and Freight.

While we admit the imaginable of UBER arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.