BofA confident: Uber-Nvidia deal sparks 28-city robotaxi rollout by 2028

Bank of America has indicated a notable enhancement in Uber Technologies Inc's (NYSE:UBER, XETRA:UT8) autonomous vehicle (AV) supply prospects for the medium term. This positive shift is attributed to Uber's expanded collaboration with Nvidia Corp (NASDAQ:NVDA, XETRA:NVD). The two companies have outlined intentions to deploy Level 4 robotaxis across 28 cities globally by 2028, with initial deployments scheduled for Los Angeles and San Francisco in the first half of 2027.

According to Ranked Stocks' proprietary data, Uber Technologies Inc. (UBER) currently holds an RS Score of 43.17, placing it in the 1.84th percentile within its country and the 2.00th percentile within its sector. Analysis of its section scores reveals challenges across several key areas, with Valuation at 17.18, Profitability at 1.91, Momentum at 19.00, Growth at 34.37, and EPS Revisions at 72.00, all indicating weaker performance. Want to discover which stocks rank the highest? Start your free 7-day trial at rankedstocks.com.