Why Is Uber (UBER) Stock Soaring Today Weixin Lin / April 15, 2026 What Happened? Shares of ride sharing and on-demand delivery platform Uber (NYSE:UBER) jumped 6.8% in the afternoon session after the company announced a massive $10 billion investment into autonomous vehicle technology. Uber revealed plans to buy 35,000 self-driving cars through an expanded partnership with Lucid Group. They also teamed up with Volkswagenâs MOIA division to bring driverless vans to Los Angeles by late 2026. These deals showed that Uber was moving quickly to build its own fleet of "robotaxis," which would eventually lower costs by reducing the reliance on human drivers. Is now the time to buy Uber? Access our full analysis report here, itâs free. What Is The Market Telling Us Uberâs shares are not very volatile and have only had 8 moves greater than 5% over the last year. In that context, todayâs move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The previous big move we wrote about was 29 days ago when the stock gained 5.1% on the news that the company announced an expansion of its robotaxi services through new and expanded partnerships with NVIDIA and Amazon's autonomous vehicle division, Zoox. The plan detailed the deployment of a fleet of self-driving robotaxis powered by NVIDIA's technology. The rollout was scheduled to begin in Los Angeles and San Francisco in 2027, with a goal to expand to 28 cities worldwide by 2028. Additionally, a new deal with Amazon's Zoox aimed to bring robotaxis to Las Vegas. This strategy allowed Uber to pursue its autonomous vehicle goals without the high cost of developing its own technology, instead serving as a platform for partners. The positive news followed announcements that Uber