10 AI Stocks Investors Are Monitoring After Tariff Shock

5. Uber Technologies Inc (NYSE:UBER)

Number of Hedge Fund Investors: 136

Brad Gerstner, Altimeter Capital founder & CEO, said in a latest program on CNBC that he believes the rise of autonomous driving poses a challenge to Uber Technologies Inc (NYSE:UBER) business. However, the fund manager praised the company for forging new partnerships to benefit from the new trend.

“I was a longtime and large shareholder of Uber, and starting in the spring of last year, when we saw full self-driving, you know, 12.3 and then by the end of the year 12.9, we just knew autonomy was here.

And, I have a new Tesla Model S I bought in December. It drives me everywhere. I tweeted about it the other day; I don’t touch the steering wheel. I think it’s quite extraordinary. In fact, I think Faber tweeted something or said something on air that got tweeted over the weekend about how he experienced it.

And so, I’m absolutely convinced Robo-taxi is coming. It’s coming from Tesla and it’s coming from others around the world and many in China, that Uber is partnering with around the world.

And I think this does pose a risk fundamentally to the Uber business model.”

Hardman Johnston Global Equity Strategy stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its Q4 2024 investor letter:

“During the quarter, we initiated three new positions in Lennar Corporation, Bank of America Corp., and Uber Technologies, Inc. (NYSE:UBER). Uber is a leading platform company that facilitates ride-hailing, food delivery, and freight booking services, which each represent large and underpenetrated markets. Uber is active in more than 10,000 cities and approximately 70 countries globally, and Uber is a market leader with more than 65% market share in nearly all ride-sharing regions in which it operates. Uber should continue to benefit from secular tailwinds, product innovation, expansion, and network effects. The cross-selling of the Uber One membership program should drive both loyalty and engagement. International markets represent half the business and continue to be an important growth driver. Overall, we see sustained healthy topline growth for the company over the next three years with some insulation to global economic trends.”