13 AI News and Ratings on Wall Street’s Radar

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3. Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Holders: 136

Uber Technologies, Inc. (NYSE:UBER) is a ride-hailing company with significant involvement in AI and autonomous driving.

BofA reiterated a Buy rating on Uber with a $96 price target, highlighting its collaboration with NVIDIA as a potential shift in the autonomous vehicle (AV) narrative. The partnership combines Uber’s extensive trip data with NVIDIA’s Cosmos platform (introduced at CES), and its DGX Cloud for AI model development.

The analyst noted that AV developments at CES, including NVIDIA’s partnerships with Uber, Toyota, and Aurora, support the expectation that multiple automakers will adopt Level 4 self-driving technology. Uber’s data-sharing could aid AV development for ridesharing use cases and prevent exclusivity to single manufacturers. Uber remains a top pick for 2025 as new AV partnerships may address concerns over industry adoption.

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