Jim Cramer Discussed These 29 Stocks Ahead Of Major AI Event

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2. Uber Technologies, Inc (NYSE:UBER)

Number of Hedge Fund Holders In Q3 2024: 136

Uber Technologies, Inc (NYSE:UBER) is the leading player in the US ride-sharing market. It commands 76% of US ride-share spending, and as a result, is dependent quite a bit on bookings to maintain its valuation. Uber Technologies, Inc (NYSE:UBER) has also expanded its business to cover food delivery and inked a deal with GM to roll out a robotaxi service. Its shares are up by a modest 7.7% over the past twelve months as they have been hampered by the effects of slowing consumer spending on bookings. Here’s what Cramer said about Uber Technologies, Inc (NYSE:UBER):

“Uber has been a company that has been left behind even by Airbnb. I’ve studied that list of the companies that came public in the last five years. And this is a Reddit, Dutch Bros market. I mean Dutch Bros caught a very late upgrade today, unless you believe it’s the next Starbucks. Reddit was up huge last week, it seems to not be able to be contained by anything. But yes, uh Uber has fallen behind! And I think it makes sense to buy it.”

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