Uber and China's Pony.ai plan to launch robotaxis in London

Impact · against what's priced in

The London robotaxi launch is a positive catalyst for Uber as it provides concrete evidence for the autonomous vehicle partnership upside that the market currently ignores. For Microsoft and Nvidia, the news is immaterial as their interests are limited to venture investments in Wayve, which does not move the needle on their core cloud or chip valuations.

UBER+0.40

Challenges what's priced in

The price assumes