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Uber Technologies Inc (NYSE:UBER) shares climbed in Tuesday’s premarket trading session. The rally follows an announcement regarding its autonomous vehicle (AV) strategy.
The ride-hailing giant is deepening its ties with chip powerhouse NVIDIA Corp (NASDAQ:NVDA).
Global Fleet Expansion Plans
The companies announced plans late Monday to launch a global fleet of autonomous vehicles. These cars will run entirely on Nvidia software. The rollout is scheduled for the first half of 2027.
Initial launches will target Los Angeles and San Francisco. The partnership aims to reach 28 cities globally by 2028. The fleet utilizes the Nvidia DRIVE …
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