New York, Feb 12, 2026, 14:40 EST — Regular session
Uber Technologies Inc slipped 0.7% to $70.50 on Thursday afternoon, following an open at $72.34. Shares hit $72.60 at their peak, but dropped as low as $69.48. Volume approached 20 million shares.
Markets slipped, rattled by lingering doubts over AI’s real payoff — and which companies might get left behind. Tech and software names took the brunt, pulling Wall Street lower. “We see this as a ‘prove it’ year for AI. We need to start seeing some return on investments,” said Jack Herr, primary investment analyst at GuideStone Funds. Traders now have their eyes on January’s U.S. consumer price data, out Friday. 1
Uber and autonomous driving partner WeRide have rolled out what they’re calling the first commercial robotaxi service in downtown Abu Dhabi, putting the Emirate’s inaugural autonomous vehicles on city-center streets. The firms say their robotaxis now serve roughly 70% of central Abu Dhabi, running through areas like Khalifa City, Masdar City, Rabdan, and connecting Corniche Road with the Sheikh Zayed Grand Mosque. Customers booking UberX or Uber Comfort could wind up in a WeRide Robotaxi GXR—or they can pick the “Autonomous” ride option instead. According to the release, every vehicle still has a specialist on board for now, part of a gradual move toward full driverless operation. 2
Uber rolled out a new grocery tool this week. In a company blog post dated Feb. 11, Chief Technology Officer Praveen Neppalli Naga announced the debut of “Cart Assistant” for Uber Eats. The feature lets users create grocery baskets directly from typed lists—or even images—while taking into account inventory, pricing, and current deals. “This is the beta version of Cart Assistant,” Naga wrote, describing it as an initial move toward “agentic AI,” a type of software that can act for users by, for example, adding items to their cart. 3
Uber for Business has signed an agreement with Mazda North American Operations that will allow Mazda dealerships to book courtesy rides for customers using Uber’s platform. “In the dealership world, the customer experience is everything,” said Josh Butler, head of sales at Uber for Business. Rob Milne at Mazda said the arrangement gives dealerships a way to provide “dependable courtesy transportation.” 4
A wave of fresh offerings arrives just as investors are scrutinizing ride-hailing trends, with Lyft shares dropping 13% Wednesday after softer ride growth and a cautious Q1 profit forecast. Evercore ISI’s Mark Mahaney pointed to Lyft’s need to deliver on its “premiumization strategy” and keep pushing new features if it wants to hold its ground against Uber’s heft. 5
Uber keeps pushing past just ride-hailing, tapping autonomy partners and rolling out features aimed at speeding up and simplifying delivery orders. It’s a strategy with potential upside, but it also muddies the waters — making it tougher to judge the story each quarter.
The risks remain straightforward. Should regulators drag their feet on approvals, or if autonomous pilots hit a safety snag, or even if customers start pulling back because the macro backdrop gets rougher, those fresh rollouts aren’t likely to move the needle anytime soon.
Arete Research lowered its price target for Uber to $120 from $125 on Wednesday but stayed bullish with a buy rating, a note from MT Newswires showed. 6
Feb. 16 is circled for investors: that’s when CFO Prashanth Mahendra-Rajah hands off the role to Balaji Krishnamurthy, according to a regulatory filing. “It’s an honor to step into this important role at such an important time for Uber,” Krishnamurthy said. 7
