NEW YORK, Jan 29, 2026, 10:52 AM EST — Regular session.
- Grab shares slipped roughly 2.3% in morning trading, lagging behind their peers
- Tech-heavy stocks dip as investors weigh mega-cap earnings alongside AI investment trends
- Attention turns to Grab’s earnings on Feb. 11 amid ongoing regulatory uncertainty in Indonesia
Shares of Grab Holdings Limited slipped roughly 2.3% on Thursday, continuing a volatile run for the Southeast Asian ride-hailing and delivery company amid a pullback in U.S. tech stocks. The stock closed near $4.43, having opened at $4.52 and fluctuated between $4.42 and $4.57, with around 11.7 million shares traded.
Grab is set to release a crucial update in under two weeks, with investors hoping for steady progress as risk appetite wavers. The company plans to report its fourth-quarter and full-year 2025 results after the U.S. market closes on Feb. 11, followed by a conference call. (Grab Investors)
The Federal Reserve kept rates unchanged Wednesday, noting inflation is still “somewhat elevated.” That kind of wording usually weighs on high-valuation growth stocks, especially as bond yields climb. (Reuters)
Thursday saw the Nasdaq fall behind as investors digested new mega-cap tech earnings alongside the cost of another AI spending wave. Apple is set to announce results after the close. “The big tech names and earnings are going to be the major narrative,” said Adam Turnquist, chief technical strategist at LPL Financial. (Reuters)
Grab, operating ride-hailing, food delivery, and digital financial services throughout Southeast Asia, often trades in New York as a hybrid of transport and tech. On days like today, its shares can swing with wider market sentiment, even without any specific company news.
Investors are keeping an eye on Indonesia, Grab’s largest market, beyond Wall Street’s current mood. Reuters reported earlier this month on a draft presidential decree that aims to slash the commission cap—the cut platforms take from trip fares—from 20% down to 10%. The proposal also includes new expenses linked to insurance and driver benefits. However, it remains uncertain when or if these rules will actually come into effect. (Reuters)
During the same period, U.S.-listed peers showed more resilience: Uber rose roughly 0.4%, Lyft climbed about 0.8%, while DoorDash stayed mostly flat.
Grab investors are facing a blunt question: can the company sustain revenue growth while cutting back on incentives and handling rising costs in crucial markets—without unsettling drivers or riders? That’s often when earnings calls take a sharp turn.
Things could still shift dramatically. Should the Indonesian draft rules become binding, the economics of every trip would shift quickly, forcing the market to revalue the stock before management can respond. Plus, if interest rates remain elevated for an extended period, growth-stock valuations could take a hit as their floor drops.
On Feb. 11, Grab will release its earnings after the close, with investors focused on its strategy for handling regulation, costs, and demand heading into 2026.
