What's Going On With Uber Stock?

Uber Technologies Inc UBER shares are trading lower by 7.2% to $60.64 this week. Bernstein analysts viewed General Motors Co’s GM winding down of Cruise as a negative for the company and the viability of autonomous vehicle (AV) technology.

The decision has cast a shadow over Uber’s AV ambitions and its partnership with Cruise, heightening investor concerns.

What To Know: Uber, a global leader in ride-hailing and food delivery services, has long invested in AV technology to reduce costs and improve efficiency in its rideshare operations. However, GM’s move to shift Cruise’s resources to personal vehicle systems like Super Cruise suggests major hurdles in scaling robotaxi networks.

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Bernstein analysts highlighted these challenges, noting that operating and maintaining robotaxi fleets is capital-intensive and fraught with operational complexity.

Daniel Roeska of Bernstein emphasized that GM’s decision disrupts the AV ecosystem and potentially forces Uber to shoulder the financial burden of AV development independently—an unsustainable prospect given the substantial costs involved. This scenario creates uncertainty for Uber's strategy in a field now dominated by deep-pocketed competitors like Waymo and Tesla.

Nikhil Devnani added that GM’s exit underscores doubts about the scalability and economic feasibility of robotaxi businesses, further dampening optimism around Uber’s AV initiatives. Without Cruise, Uber faces limited options in the consolidating AV market.

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How To Buy UBER Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Uber Technologies’ case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, UBER has a 52-week high of $87.00 and a 52-week low of