Key Highlights
- Uber stock increased approximately 2–3% following the announcement of an expanded autonomous vehicle partnership with Nvidia at the GTC 2026 conference.
- The partnership aims to launch robotaxis using Nvidia’s DRIVE AV software platform in 28 cities spanning four continents by 2028.
- Initial deployment targets Los Angeles and San Francisco Bay Area during the first half of 2027.
- Each city will undergo a three-stage process: data gathering, operator-supervised launch, followed by complete Level 4 autonomous deployment.
- Lyft shares increased 3% after revealing plans to incorporate Nvidia AI technology into its machine learning infrastructure.
Uber Technologies (UBER) shares advanced approximately 2% during Tuesday’s pre-market session and reached as high as 2.9% during Monday’s after-hours trading following the announcement of a substantial expansion of its autonomous vehicle collaboration with Nvidia (NVDA).
$UBER $NVDA Uber and NVIDIA will launch Level-4 robotaxis powered by NVIDIA’s autonomous driving software on the Uber network, starting in Los Angeles and San Francisco in 2027 and expanding to 28 cities globally by 2028 🚖🤖 pic.twitter.com/AFyCzKFDUb
— The Future Investors (@ftr_investors) March 16, 2026
The partnership, revealed during Nvidia’s GTC 2026 conference, will deploy a robotaxi fleet utilizing Nvidia’s comprehensive DRIVE AV software stack across 28 cities on four continents by 2028.
The companies confirmed that initial operations will commence in Los Angeles and the San Francisco Bay Area during the first half of 2027.
Nvidia’s DRIVE Hyperion AV platform, along with its advanced AI reasoning model called Nvidia Alpamayo, form the foundation of the deployment strategy. Alpamayo specializes in adapting to city-specific driving environments.
The partnership outlined a three-stage rollout plan for each location. Initially, data-collection vehicles will train the Alpamayo model on local roadways. This precedes an operator-supervised launch phase, which then transitions to completely driverless Level 4 operations.
The structured approach demonstrates both companies’ commitment to sustainable growth over rapid market entry.
Expanding Uber’s Autonomous Vehicle Footprint
Uber has been actively building its AV portfolio beyond this Nvidia partnership. The company recently revealed a separate agreement with electric vehicle manufacturer Lucid (LCID) and autonomous driving company Nuro, which will integrate Nuro-powered robotaxis based on Lucid vehicles into the Uber platform.
Uber has been pursuing AV partnerships strategically, establishing its ride-hailing infrastructure as the primary distribution channel for emerging self-driving technology providers.
The autonomous taxi market continues to attract major players. Alphabet’s (GOOGL) Waymo currently holds the leading position, while Tesla (TSLA) is anticipated to expand rapidly thanks to its production capabilities and substantial capital resources.
Nvidia’s GTC conference featured multiple announcements beyond Uber. The semiconductor company also revealed an enhanced partnership with Hyundai (HYMLF) and Kia (KIMTF) to develop advanced autonomous driving technology using the DRIVE Hyperion platform.
Lyft (LYFT) benefited from the autonomous driving momentum as well. The company’s shares gained 3% after announcing plans to implement Nvidia AI technology to enhance predictive modeling, mapping capabilities, and overall platform functionality across worldwide operations.
Analyst Sentiment and Outlook
Wall Street maintains an optimistic stance on Uber. The stock currently carries a Strong Buy consensus rating derived from 29 Buy ratings, two Hold ratings, and one Sell rating.
The consensus analyst price target stands at $105.59, suggesting approximately 41.4% potential upside from present levels.
Nvidia shares also gained roughly 1.65% during the trading session as the GTC conference produced several significant partnerships across the autonomous driving and artificial intelligence sectors.
