Key Takeaways
- Shares of Uber experienced a 2–3% increase following the revelation of a broadened autonomous vehicle collaboration with Nvidia during the GTC 2026 conference.
- The partnership aims to launch robotaxis utilizing Nvidia’s DRIVE AV technology in 28 metropolitan areas spanning four continents by 2028.
- Initial deployment is scheduled for Los Angeles and San Francisco Bay Area during the first six months of 2027.
- Implementation in each market will occur in stages: data gathering, operator-supervised launch, and ultimately complete Level 4 autonomous operation.
- Lyft shares also experienced a 3% boost following its announcement to incorporate Nvidia AI for enhanced machine learning capabilities.
Shares of Uber Technologies (UBER) increased approximately 2% during Tuesday’s pre-market session and reached as high as 2.9% in Monday’s after-hours trading following the revelation of a significant expansion to its self-driving 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
Announced during Nvidia’s GTC 2026 conference, the partnership will introduce a fleet of autonomous taxis operating on Nvidia’s comprehensive DRIVE AV software platform throughout 28 metropolitan areas across four continents by 2028.
According to both companies, the initial phase will commence in Los Angeles and the San Francisco Bay Area during the first half of 2027.
Central to the deployment strategy are Nvidia’s DRIVE Hyperion AV platform and its advanced AI reasoning model, Nvidia Alpamayo, which is engineered to adapt to city-specific driving environments.
The partnership outlined a three-stage implementation process for each metropolitan area. Initially, data-gathering vehicles will train the Alpamayo model on regional roadways. This will be followed by an operator-supervised phase, culminating in complete Level 4 driverless operations.
This measured strategy demonstrates both organizations are prioritizing sustainable long-term growth over hastily launching to market.
Expanding Uber’s Autonomous Fleet
This partnership isn’t Uber’s sole venture into autonomous vehicles recently. The ride-sharing giant previously revealed a collaboration with electric vehicle manufacturer Lucid (LCID) and self-driving technology company Nuro, which will introduce Nuro-equipped robotaxis constructed on Lucid platforms to the Uber ecosystem.
Uber has been actively cultivating autonomous vehicle alliances, establishing its ride-hailing infrastructure as the primary distribution channel for emerging self-driving technology leaders.
Competition in the robotaxi sector continues to intensify. Alphabet’s (GOOGL) Waymo maintains the current market lead, while Tesla (TSLA) is anticipated to expand rapidly due to its production capabilities and substantial financial resources.
Uber wasn’t the only highlight at Nvidia’s GTC conference. The semiconductor company also revealed an enhanced collaboration with Hyundai (HYMLF) and Kia (KIMTF) to develop next-generation self-driving technology using the DRIVE Hyperion platform.
Lyft (LYFT) also benefited from the momentum. Its shares climbed 3% after revealing plans to incorporate Nvidia AI to enhance predictive analytics, mapping capabilities, and overall platform efficiency across worldwide operations.
Analyst Sentiment
Wall Street maintains an optimistic outlook on Uber. The stock currently carries a Strong Buy consensus rating derived from 29 Buy recommendations, two Hold ratings, and one Sell rating.
Analysts’ average price target stands at $105.59, suggesting approximately 41.4% potential upside from present trading levels.
Nvidia shares also gained roughly 1.65% during the session as the GTC conference produced numerous high-profile agreements throughout the autonomous driving and artificial intelligence sectors.
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