NEW YORK, June 1, 2026, 14:07 (EDT)
- Uber was up 5.8% at $74.48 in afternoon action, gaining $4.08. The stock was ahead of the SPDR S&P 500 ETF, which rose 0.4%.
- NYSE traded normal hours. June 1 is not on the NYSE 2026 holiday calendar.
- Uber, Autobrains and Nvidia said they’ll roll out a robotaxi program in Munich. In other news, reports surfaced of new tensions over Uber’s plans for Delivery Hero.
Uber Technologies shares jumped Monday. Investors looked at a Nvidia-backed robotaxi push in Munich and new moves showing Uber is still focused on pushing delivery and local “super app” efforts.
The stock traded up $4.08, or 5.8%, at $74.48 on the NYSE, with more than 14 million shares changing hands. Lyft was up 7.2% and DoorDash added 4.2%. The SPDR S&P 500 ETF rose 0.4%, helping give a firmer tone to app-based transport and delivery stocks in the session.
Uber is moving to prove it can add autonomous vehicles to its network without rebuilding itself as a full-stack self-driving tech company. The main question for its investors is whether Uber acts as the marketplace for autonomous rides or if it needs to pay for the vehicles, sensors and software outright.
Uber and Autobrains, from Israel, said they will team up on a robotaxi rollout in Munich with Nvidia’s Drive Hyperion platform. The first deployments are planned for Munich, pending regulator signoff, and the firms called the project “OEM-agnostic” so it can run on different automakers’ cars, not just one type. Uber Investor Relations
Sarfraz Maredia, who heads Uber’s global autonomous mobility and delivery, said “the challenge is not just building autonomous vehicles” but bringing them onto a commercial network that can serve riders at scale. Autobrains CEO Igal Raichelgauz said autonomous driving systems have to “make decisions under uncertainty.” Nvidia’s Rishi Dhall, an automotive executive, said the group is targeting “safe, scalable, software-defined autonomous ride-hailing fleets.” Uber Investor Relations
Nvidia is pushing Level 4 autonomy, where vehicles handle driving on their own in certain spots or routes, with no human driver. Uber will roll out several fleets running Nvidia’s Drive Hyperion tech on its ride-hailing network this year, Nvidia said. The Munich Autobrains program is set to join later.
Uber’s push into delivery hit another snag the same day. Reuters, quoting the Financial Times, reported Prosus may look to boost its stake in Delivery Hero. That step could block Uber’s bid to buy the company. Prosus holds 16.83% of Delivery Hero, Reuters said.
Uber is in the middle of a changing food-delivery landscape in Europe. DoorDash has also been linked to Delivery Hero assets, as investors are said to want over 40 euros a share for the German company. That is higher than what Uber was earlier said to have offered.
Uber is boosting its presence in the Middle East, picking up a 12.5% slice of Careem Technologies from UAE telecoms operator e& for $100 million in cash. e& will hold 37.53% after the deal, which is subject to regulators and other standard conditions.
Uber is coming into deal talks with a stronger footing than before. In May, the company said first-quarter trips were up 20% year over year to 3.6 billion, while gross bookings climbed 25% to $53.7 billion. Adjusted EBITDA increased 33% to $2.5 billion.
The risks aren’t small here. Munich still needs a green light from regulators, and it’s not clear if robotaxis can actually turn a profit at scale. If Delivery Hero comes in with a bigger offer, Uber’s capital discipline could be put to the test. With Prosus reportedly moving and the EU looking hard at food-delivery mergers, Uber might have to pay more, wait longer, or settle for less than equity buyers expect right now.
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