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Ride-hailing giant Uber Technologies (UBER) is accelerating its push into autonomous mobility as it expands partnerships with major automakers and tech companies. The company recently teamed up with Nissan (NSANY) and self-driving startup Wayve to launch robotaxis in Tokyo, while also expanding ties with Amazon’s (AMZN) Zoox to deploy autonomous vehicles on its platform.
Uber stock is down 10% year-to-date (YTD) and 28.3% from its 52-week high. Is Uber stock a buy as the robotaxi market begins to take shape?