Uber rises on robotaxi partnership with Nvidia

Uber Technologies UBER.N rises 2.3% to $76.37 pre-market

Co, Nvidia NVDA.O to deploy robotaxi fleet starting in 2027

Partnership to use Nvidia's autonomous driving platform, with initial rollout in Los Angeles and San Francisco, expanding to 28 cities globally by 2028

Move comes as competition in autonomous ride-hailing intensifies, with rivals including Alphabet's GOOGL.O Waymo and Tesla TSLA.O

Uber's stock rated "buy" on avg; median PT is $105, per data compiled by LSEG

YTD, UBER down ~8.6% vs S&P 500's .SPX 2.1% drop