TLDR

Uber stock rose roughly 2–3% after announcing an expanded AV partnership with Nvidia at the GTC 2026 event.
The two companies plan to deploy robotaxis powered by Nvidia’s DRIVE AV software across 28 cities and four continents by 2028.
The rollout starts in Los Angeles and San Francisco Bay Area in the first half of 2027.
Each city will follow a phased approach: data collection, operator-led launch, then full Level 4 driverless deployment.
Lyft also got a lift, rising 3% after announcing it will use Nvidia AI to improve its machine learning systems.

Uber Technologies (UBER) stock climbed around 2% in pre-market trading Tuesday and was up as much as 2.9% in after-hours Monday after the company announced a major expansion of its autonomous vehicle partnership with Nvidia (NVDA).

$UBER $NVDA Uber and NVIDIA will launch Level-4 robotaxis powered by NVIDIA’s autonomous driving software on the Uber network, starting in Los Angeles and San Francisco in 2027 and expanding to 28 cities globally by 2028 pic.twitter.com/AFyCzKFDUb

— The Future Investors (@ftr_investors) March 16, 2026

The deal, unveiled at Nvidia’s GTC 2026 event, will see a fleet of robotaxis powered by Nvidia’s full-stack DRIVE AV software rolled out across 28 cities on four continents by 2028.

The two companies said the launch will begin in Los Angeles and the San Francisco Bay Area in the first half of 2027.

Uber Technologies, Inc., UBER

Nvidia’s DRIVE Hyperion AV platform and its next-generation AI reasoning model, Nvidia Alpamayo, are at the center of the deployment plan. Alpamayo is designed to learn city-specific driving conditions.

The companies laid out a three-phase rollout for each city. First, a fleet of data-collection vehicles trains the Alpamayo model on local roads. Then comes an operator-led launch, followed by fully driverless Level 4 deployments.

It’s a methodical approach — and one that signals both companies are thinking long-term rather than rushing to market.

Uber’s Growing AV Network

This isn’t Uber’s only AV move lately. The company recently announced a separate deal with EV maker Lucid (LCID) and autonomous driving startup Nuro, which will put Nuro-powered robotaxis built on Lucid vehicles onto the Uber platform.

Uber has been stacking AV partnerships aggressively, positioning its ride-hailing network as the distribution layer for whoever wins the self-driving race.

The robotaxi space is getting more crowded. Alphabet’s (GOOGL) Waymo currently leads the pack, while Tesla (TSLA) is expected to scale quickly given its manufacturing capacity and financial firepower.

Nvidia’s GTC event wasn’t just about Uber. The chipmaker also announced an expanded partnership with Hyundai (HYMLF) and Kia (KIMTF) to build next-generation autonomous driving tech on the DRIVE Hyperion platform.

Lyft (LYFT) also caught some of the momentum. Its stock rose 3% after announcing it will integrate Nvidia AI to improve predictive modeling, mapping, and overall platform performance across global operations.

What Wall Street Thinks

Wall Street remains bullish on Uber. The stock currently holds a Strong Buy consensus rating based on 29 Buy ratings, two Holds, and one Sell.

The average analyst price target sits at $105.59, implying around 41.4% upside from current levels.

Nvidia stock was also up roughly 1.65% on the day as the GTC event generated multiple headline deals across the autonomous and AI landscape.

The post Uber Stock Jumps 3% As Nvidia Robotaxi Deal Covers 28 Cities appeared first on CoinCentral.

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Filed under: News - @ March 17, 2026 10:28 am