Uber Technologies (UBER) Delivered Exceptional Results in Q2

Pershing Square Holdings, an investment holding company, released its first half 2025 investor letter. A copy of the same can be downloaded here. In the first half of 2025, the company’s NAV per share increased by 15.5% and 17.7% year-to-date through August 19, 2025. The company’s share price rose by 9.9% and 16.5% during these periods, while the S&P 500 increased by 6.2% and 9.9%, respectively. The first half of 2025 was characterized by complex macroeconomic and geopolitical dynamics, contributing to broad uncertainty. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, Pershing Square Holdings highlighted stocks such as Uber Technologies, Inc. (NYSE:UBER). Uber Technologies, Inc. (NYSE:UBER) develops and operates proprietary technology applications that operate through Mobility, Delivery, and Freight segments. The one-month return of Uber Technologies, Inc. (NYSE:UBER) was 0.29%, and its shares gained 30.44% of their value over the last 52 weeks. On September 03, 2025, Uber Technologies, Inc. (NYSE:UBER) stock closed at $92.94 per share, with a market capitalization of $193.819 billion.

Pershing Square Holdings stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its second quarter 2025 investor letter:

"Uber Technologies, Inc. (NYSE:UBER) is the world’s leading mobility and delivery platform, operating a capital-light, highly-scalable, and rapidly-growing business. We initiated our investment earlier this year because we believed Uber’s stock price significantly undervalued the company’s earnings power and growth prospects. We believe the stock was mispriced due to misplaced concerns regarding perceived long-term threats from autonomous vehicles (“AVs”).

In recent months Uber has announced a number of partnerships with various technology players, each advancing their own AV technologies. Recent mobility announcements include new and expanded partnerships with Avride, Baidu, Lucid, May Mobility, Momenta, Nuro, Pony.ai, Wayve, WeRide and others. Taken together, Uber is strategically advancing dozens of geographically focused commercial pilots, with a line-of-sight to tens of thousands of autonomous vehicles covering major metropolitan cities operating on Uber’s network within the coming years. In Austin and Atlanta, Uber exclusively launched Waymo’s commercial operations with its strong preliminary utilization data reinforcing Uber’s strong value proposition. Over time, we believe that additional data will further demonstrate that partnering with Uber allows AV players to scale faster than they could on their own while maximizing the unit economics of their vehicles. Furthermore, Uber’s value proposition is even more compelling for the many small potential entrants who lack the resources, capabilities and network density to attempt a standalone rideshare service..." (Click here to read the full text)

Uber Technologies, Inc. (NYSE:UBER) is in 10th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 152 hedge fund portfolios held Uber Technologies, Inc. (NYSE:UBER) at the end of the second quarter, which was 145 in the previous quarter. While we acknowledge the potential of Uber Technologies, Inc. (NYSE:UBER) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Uber Technologies, Inc. (NYSE:UBER) and shared the list of best stocks to buy according to billionaire hedge fund managers. Uber Technologies, Inc. (NYSE:UBER) was a standout performer of RiverPark Large Growth Fund during Q2 2025. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. This article is originally published at Insider Monkey.