On Sept. 17, ride-sharing stock Lyft (NASDAQ: LYFT) had one of its best days of 2025 as markets reacted to its huge autonomous vehicle partnership. Lyft says it will work with Alphabet (NASDAQ: GOOGL) subsidiary Waymo to bring an autonomous ride-hailing service to Nashville, Tennessee, in 2026. Shares gained more than 13% on the news, marking Lyft’s third-largest single-day up move of the year.
Below, we’ll break down the implications of this partnership and examine whether the news warranted such a large gain. Ultimately, are Lyft shares poised to go on a long-term rally after considering this development?
