Uber stock rises following Nvidia partnership for autonomous driving technology

Uber's stock rose after the company announced a partnership with Nvidia to develop AI-powered autonomous driving technology. This collaboration aims to utilize Uber's extensive trip data alongside Nvidia's computing platform, Nvidia Cosmos. Nvidia's CEO highlighted the importance of "physical AI" for autonomous vehicles at the CES technology trade show. Uber plans to be an early adopter of Nvidia's AI models, which could enhance the development of safe and scalable autonomous driving solutions. Despite previous concerns about the impact of autonomous vehicles on its business, Uber's stock has gained 10% in January 2025. The company is also expanding its partnerships with Waymo and other mobility firms for autonomous vehicle services.