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Uber plans robotaxi launch in Munich with Autobrains and NVIDIA tech, shares rise 1.42% premarket

Technical Signals
01 Jun 2026
Lekha Gupta
View Source
Neutral
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Uber, Autobrains, and NVIDIA announced plans to launch a robotaxi program in Munich using Autobrains’ AI and NVIDIA’s Level 4 autonomous driving platform, pending regulatory approval. This partnership aims to scale autonomous ride-hailing across multiple vehicle platforms, potentially reducing costs and expanding market reach. Uber shares rose 1.42% in premarket trading amid cautious longer-term technical trends. The company is expected to report earnings on August 5, 2026, with analysts maintaining a Buy rating and a price target around $106, reflecting strong growth potential despite recent stock underperformance.

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