Uber Traders Shrug Off Robotaxi Risks as Stock Powers to Record

Uber Technologies Inc. investors are brushing aside potential threats from self-driving competition to bet that the company has plenty of room to expand in the near term.

Uber shares have rallied more than 60% to a record this year as partnerships with robotaxi startups like Alphabet Inc.’s Waymo and growth in new markets have given bulls reasons to cheer after the stock underperformed in 2024. The advance has made Uber the seventh-best S&P 500 performer in 2025.