Uber best idea at Wedbush with attractive risk/reward dynamics
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BofA on Uber Inc. (UBER) Collaboration with Nvidia (NVDA): 'A step toward changing the negative AV narrative; Buy'
January 7, 2025 4:48 PM ESTBofA Securities analyst Justin Post reiterated a Buy rating and $96.00 price target on Uber Inc. (NYSE: UBER)
The analyst comments "The collaboration is focused on supporting the development of AI-powered autonomous driving (AVs), pairing Ubers dataset of millions of daily trips with Nvidias new Cosmos platform (first announced at CES) and Nvidia DGX Cloud. Cosmos is Nvidias new generative AI platform that focuses on physical AI systems, creating synthetic environments and eliminating cost barriers for developing advanced robotics. Nvidia DGX Cloud offers a fully managed AI platform preconfigured with... More
