Nvidia and Uber Just Announced a Major New Robotaxi Partnership. Does That Make UBER Stock a Buy Here?

For a long time, Uber (UBER) critics called the company’s “growth at all costs” strategy a poor business model. Some said it will die under the weight of venture capital and subsidies. But prudent stock market professionals always pointed out the importance of Uber’s data. That importance is becoming relevant now as data-hungry AI models look for high-quality data to build and offer new products. 

In a recent development, Nvidia (NVDA) and Mercedes (MBGYY), in a bid to start a new robotaxi company, have partnered with UBER. The reason for the partnership is obvious. Uber sits on billions of miles of real-life data. Anyone who wants to build the next infrastructure layer of autonomous transport hopes to get their hands on this data, and Uber isn’t just handing it over to any other company. By collaborating with Nvidia and Mercedes, two of the top companies in their respective domains, it has indicated that it aims to be a part of the new ecosystem.