Uber Launches Self-Driving Taxi Initiative
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 17 2026
0mins
Should l Buy NVDA?
Source: CNBC
- Self-Driving Taxi Initiative: Uber plans to launch self-driving taxi services powered by Nvidia technology in Los Angeles and San Francisco next year, with an expansion to 28 global cities by 2028, significantly enhancing its competitive edge in the autonomous driving market.
- Stock Price Surge: Following this announcement, Uber's shares jumped nearly 6% in trading, with analysts noting that the stock is currently 27% below its 52-week high, indicating that the rollout of self-driving services could restore investor confidence.
- Competitive Market Advantage: Despite concerns over Tesla and Waymo's expansions, analysts believe that Uber's established algorithms and user base position it well to maintain a competitive advantage in the autonomous taxi market, potentially driving stock price increases.
- Upgraded Investment Ratings: Both Bank of America and Deutsche Bank reiterated their buy ratings on Uber, with price targets of $103 and $108 respectively, suggesting potential upside of 38% and 45% from current levels, reflecting strong market confidence in Uber's future growth.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 202.060
Low
200.00
Averages
264.97
High
352.00
Current: 202.060
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is an artificial intelligence (AI) infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. Its segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing and networking platforms and AI solutions and software, and automotive platforms and autonomous and electric vehicle solutions, including software. The Graphics segment includes GeForce GPUs for gaming and personal computers (PCs), and Quadro/NVIDIA RTX GPUs for enterprise workstation graphics. Its technology stack includes the foundational NVIDIA CUDA development platform that runs on all NVIDIA GPUs, as well as hundreds of domain-specific software libraries, frameworks, algorithms, software development kits (SDKs), and application programming interfaces (APIs). Its platforms address four markets, which include Data Center, Gaming, Professional Visualization, and Automotive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Stock Volatility: Historical data shows that Nvidia's stock typically declines after earnings releases, with five out of the last seven quarters experiencing a drop, averaging a 3% loss, reflecting overly optimistic market expectations.
- Investor Caution: While Nvidia's results often exceed analyst forecasts, the optimistic sentiment surrounding AI technology may pose bubble risks, prompting investors to carefully consider their investment decisions following the earnings report.
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- Competitive Advantage: Despite increasing external competition, Nvidia's GPUs maintain clear advantages in computational power, and persistent GPU scarcity allows the company to sell hardware at premium prices, solidifying its market position in enterprise data centers.
- Stock Volatility: Historical data shows that Nvidia's stock typically declines after earnings releases, with five out of the last seven quarters experiencing a drop, averaging a 3% loss, reflecting overly optimistic market expectations.
- Investor Caution: While Nvidia's results often exceed analyst forecasts, the optimistic sentiment surrounding AI technology may pose bubble risks, prompting investors to carefully consider their investment decisions following the earnings report.
See More
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- Investor Lineup: Andreessen Horowitz is set to co-lead this funding round, with Nvidia and Thrive Capital also expected to participate, reflecting strong confidence in Cursor's future growth from these previously involved investors.
- Historical Funding Review: Last November, Cursor raised approximately $2.3 billion in a Series D funding round, achieving a post-money valuation of $29.3 billion, attracting existing investors like Accel, Thrive, and Andreessen Horowitz, along with new partners such as Coatue, Nvidia, and Alphabet.
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See More
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- Future Growth Expectations: Wall Street anticipates Nvidia's revenue will reach about $370 billion in fiscal 2027, up from $215.9 billion in fiscal 2026, and if these targets are met, shares could plausibly double in the coming years, nearing $400.
- Growth Rate Analysis: To achieve a sixfold increase in stock price over 25 years, Nvidia would need to maintain a 7.5% compound annual growth rate, a target that is historically below the average for the S&P 500, indicating significant future growth challenges.
- Market Environment Impact: Although Nvidia has achieved nearly 70% annualized growth over the past five years, future growth will face more difficulties as market size expands, particularly as chip sales slow, which could compress the stock's valuation multiple.
See More
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- Booking Surge: The company experienced a 471% increase in customer contract bookings in 2025, with Q1 2026 bookings exceeding $32 million, nearly $8 million more than last year's total revenue, reflecting strong market demand.
- Liquidity Advantage: D-Wave ended 2025 with over $884 million in liquidity, the highest in its history, providing substantial financial support for future investments and expansion.
- Optimistic Market Outlook: Despite not yet being profitable and trading at an enterprise-value-to-revenue ratio near 280, Wall Street remains optimistic about D-Wave's long-term growth potential, viewing the recent stock dip as a compelling entry point for patient investors.
See More
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- Leadership Change: Apple CEO Tim Cook's resignation marks a significant shift, as the stock has surged nearly 2,000% since he took over in 2011, potentially impacting investor confidence moving forward.
- New CEO Background: John Ternus, set to take over on September 1, brings extensive hardware engineering experience and has contributed to the design of key products like the iPad and AirPods, suggesting a potentially more innovative leadership style.
- Market Performance Analysis: Although Apple experienced slow revenue growth under Cook, it has only recently begun to recover, and the company's lag in critical areas like artificial intelligence could affect its future performance.
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See More
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- Long-Term Contract Benefits: Both Nebius and CoreWeave are securing long-term contracts with major AI companies like Meta, guaranteeing payment regardless of usage, which allows them to obtain capital at relatively low interest rates, enhancing their financial stability.
- Significant Revenue Growth: CoreWeave's sales surged 168% last year to $5.1 billion, while Nebius grew 479% to $530 million, demonstrating strong execution capabilities amid skyrocketing demand for AI cloud capacity.
- Profitability Challenges: Despite rapid growth, both companies are currently loss-making, with Nebius losing $447 million last year and CoreWeave $1.2 billion, prompting investors to closely monitor the sustainability of their capital expenditure returns.
See More
