Uber Technologies, Inc. (NYSE:UBER) is one of the 15 Best American Tech Stocks to Buy Right Now. On September 8, Reuters reported that Uber Technologies, Inc. (NYSE:UBER) has announced plans with a Chinese self-driving tech company called Momenta to test level 4 autonomous vehicles in Germany next year.
According to the report, Uber Technologies, Inc. (NYSE:UBER) is looking to grow its robotaxi footprint as competition in this area rises. Level 4 autonomous vehicles can drive by themselves without human intervention in certain areas and under specific conditions.
Uber Technologies, Inc. (NYSE:UBER) has been trying to build a strong position in the robotaxi market by partnering with companies like Alphabet Inc.’s (GOOGL) Waymo, Lucid Group, Inc. (LCID), and WeRide Inc. (WRD).
In May 2025, Momenta and Uber Technologies, Inc. (NYSE:UBER) had announced their partnership to bring autonomous vehicles to markets outside the United States and China.
Uber Technologies, Inc. (NYSE:UBER) is a global transportation technology company that focuses on ride-hailing, courier services, food delivery, and freight transport.
While we acknowledge the potential of 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.
READ NEXT: 10 Best NASDAQ Stocks to Buy For Long Term and 10 Unrivaled Stocks of the Next 3 Years.
Disclosure: None. This article is originally published at Insider Monkey.