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Wall Street analysts reiterated Buy ratings for Uber with price targets up to $130, following the company's December 12 launch of autonomous robotaxi services in Dubai.
On December 17, Mad Money host Jim Cramer endorsed Uber (UBER) stock, outlining a staggered buying strategy with a key price target of $75.
WeRide launched its autonomous robotaxi service on the Uber platform in Dubai, in partnership with the city's Roads and Transport Authority, to serve the Umm Suqeim and Jumeirah districts.
Uber Freight's latest outlook shows Mexico's share of U.S. imports has grown to 15.5%, signaling a freight market rebound with tighter capacity and higher rates expected in 2026.
Uber Technologies (UBER) stock has fallen 11.1% in the past month as analysts forecast a 33% decline in earnings for the next fiscal year, creating uncertainty despite strong revenue growth projections.
Alphabet's autonomous driving unit, Waymo, is in discussions for a new financing round that could value the company at approximately $100 billion. This move aims to secure capital for aggressive expansion as competition in the autonomous vehicle sector intensifies.
A broad sell-off has impacted the technology sector, with major stocks including Uber and Coinbase declining despite company-specific news. Automotive technology firm Aptiv also underperformed the broader market, reflecting widespread investor caution and a risk-averse sentiment.
Jim Cramer's commentary on Paychex coincides with a 7% stock drop despite strong earnings, reflecting broader investor anxiety over profit margins and high-tech valuations in a risk-averse market.
The U.S. Federal Trade Commission (FTC), alongside 21 states and the District of Columbia, has broadened its lawsuit against Uber, citing deceptive practices related to the Uber One subscription service. The legal action prompted an immediate negative reaction in the market.
Lyft shares fell over 6% after Tesla announced it is testing fully driverless robotaxis in Austin, signaling intensified competition in the autonomous vehicle sector. The development boosted Tesla's stock and underscored the market's focus on progress in self-driving technology as a key driver of future mobility.
Amazon has more than doubled its same-day fresh grocery delivery footprint since the summer, escalating the high-speed fulfillment race against retail competitors. The move is part of a broader strategic push by Amazon into ultra-fast delivery, signaling a significant investment in logistics to capture a larger share of the grocery market.
The Trump administration has initiated the "U.S. Tech Force," a program to recruit 1,000 technology specialists in partnership with major tech firms. The move aims to bolster national AI infrastructure and has been met with bullish market sentiment.
Coupang's stock has posted significant gains, but its valuation presents a conflicting picture for investors. A Discounted Cash Flow (DCF) model suggests undervaluation, while its Price-to-Earnings (P/E) ratio indicates it is overvalued, creating uncertainty amid broader market volatility.
Dynatrace (DT) shares gained 1.68% to close at $46.04, outperforming the S&P 500 and a wider tech-sector downturn. The advance comes as analysts project strong year-over-year growth in the company's upcoming earnings report, signaling investor focus on company-specific fundamentals amid broad market volatility.
ARK Investment Management purchased $30 million in Robinhood (HOOD) shares amid a recent stock decline, signaling a bullish, long-term conviction despite negative short-term metrics. This contrarian investment underscores a focus on disruptive potential over current market headwinds.
TimesSquare Capital Management has sold its position in CrowdStrike Holdings (CRWD) due to its investment strategy's market cap constraints. The sale occurred during a quarter where CRWD's stock price declined by 16%, highlighting a disciplined, strategy-driven portfolio adjustment.
Bank of America projects the U.S. autonomous ride-hailing market could exceed $1 trillion, sparking a strategic race among tech and auto giants. Major players are pursuing divergent strategies, from vertical integration to partnership-based platforms, to capture this opportunity.
Financial markets showed divergent trends on December 12, with specific apparel retail stocks posting strong gains while precious metals surged on macroeconomic factors. Gold reached a seven-week peak and silver hit a new record, driven primarily by a weakening U.S. dollar and safe-haven demand.
DoorDash reported strong Q3 2025 growth in order volume and gross order value, signaling strength in its diversification strategy. However, the company, alongside Uber, has initiated a lawsuit against New York City over a new tipping mandate, creating significant regulatory and operational headwinds.
Walmart has transferred its stock listing from the New York Stock Exchange to the NASDAQ, a strategic move to rebrand itself as a technology and AI-driven innovator rather than a traditional retailer. This shift aims to attract a new class of investors and align its public perception with its significant investments in e-commerce, logistics, and in-store artificial intelligence.