{"id":529873,"date":"2026-03-18T01:46:11","date_gmt":"2026-03-18T01:46:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/529873\/"},"modified":"2026-03-18T01:46:11","modified_gmt":"2026-03-18T01:46:11","slug":"analysts-are-bullish-on-this-nvidia-partner-after-gtc-2026","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/529873\/","title":{"rendered":"Analysts are bullish on this Nvidia partner after GTC 2026"},"content":{"rendered":"<p>Uber&#8217;s plan to roll out self-driving taxis powered by Nvidia technology is a reason to buy the ride-hailing stock, analysts said. The service will launch in Los Angeles and San Francisco next year, Nvidia CEO Jensen Huang said at the chipmaker&#8217;s annual developer conference , fleshing out the details of the previously announced partnership. Then, the service will expand to 28 global cities in 2028, he said. Shares of Uber jumped almost 6% in trading. Bank of America analyst Justin Post said it&#8217;s a critical time for Uber&#8217;s stock, which closed Monday about 27% below its 52-week high. While Tesla and Waymo&#8217;s autonomous vehicle expansions have created concerns that Uber may lose its dominance of the U.S. rideshare market, this announcement counters those worries. &#8220;We think a growing roster of US L4 OEM suppliers, combined with Nvidia&#8217;s L4 platform development commitment, can shift the medium-term US [autonomous vehicle] supply outlook in a more favorable direction for Uber, driving stock multiple expansion,&#8221; Post wrote in a Monday note. UBER 6M mountain UBER six-month chart. Post reiterated his buy rating on Uber, and his price target of $103, which is a nearly 38% gain from Monday&#8217;s close. Deutsche Bank said there&#8217;s reason to believe Uber can&#8217;t avert Waymo and Tesla taking market share, but Uber can dominate in the space, too. The bank reiterated its buy rating on the stock and $108 price target, representing a 45% return from Monday&#8217;s close. Analyst Benjamin Black wrote in a Tuesday note that Uber has the advantage by already having a strong and tested algorithm to run a ride-hailing service, whether by vehicles with drivers or without. Plus, many people are already used to utilizing the Uber app, meaning consumers don&#8217;t have to turn to a new service for autonomous vehicle rideshares. &#8220;By offering an immediate, turnkey pool of global demand, advanced fleet management integrations, and established regulatory relations, Uber serves as the essential commercialization layer,&#8221; Black wrote. &#8220;AV tech providers (like Nvidia) and OEMs recognize that plugging into the Uber network is the most efficient path to scaling their investments.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Uber&#8217;s plan to roll out self-driving taxis powered by Nvidia technology is a reason to buy the ride-hailing&hellip;\n","protected":false},"author":2,"featured_media":529874,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[182,38080,219062,181,507,161579,2917,122,28096,238217,1301,5888,113,45695,3487,114,74,10058,24304],"class_list":["post-529873","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-alphabet-class-a","tag-ark-autonomous-technology-robotics-etf","tag-artificial-intelligence","tag-artificialintelligence","tag-aurora-innovation","tag-bank-of-america-corp","tag-business-news","tag-deutsche-bank-ag","tag-first-trust-nasdaq-transportation-etf","tag-ford-motor-co","tag-general-motors-co","tag-investment-strategy","tag-lyft-inc","tag-nvidia-corp","tag-stock-markets","tag-technology","tag-tesla-inc","tag-uber-technologies-inc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/529873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=529873"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/529873\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/529874"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=529873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=529873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=529873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}