From Yahoo Finance: 2025-04-28 06:30:00

Self-driving car stocks are gaining popularity, with Uber Technologies, Inc. (NYSE: UBER) standing out. The global market for autonomous vehicles is projected to grow significantly, driven by tech adoption, safety, and connectivity. Level 3 autonomous cars are expected to make up 10% of new car sales by 2030, with Level 4 vehicles accounting for 2.5%. S&P Global reports a shift towards practical, incremental applications in the self-driving car industry, with a focus on Level 4 autonomy. Waymo is leading this shift, expanding its business with new partnerships and deployments. The market is transitioning from hype to practical implementation, focusing on Level 4 geo-fenced applications and delivery systems. Understanding hedge fund stock picks can lead to outperforming the market, with a newsletter strategy that has returned 275% since 2014. Uber Technologies, Inc. (NYSE: UBER) ranks ninth in the best self-driving car stocks list, offering potential investment opportunities. Despite challenges, UBER’s fourth-quarter performance was strong, with an increase in gross bookings and revenue. The company anticipates a significant increase in free cash flow by 2027, making it an attractive investment in the services market. While UBER holds promise as an investment, AI stocks may offer higher returns in a shorter timeframe. Check out the report on the cheapest AI stock for potential gains.

Read more: Is Uber Technologies (UBER) One of the Best Self-Driving Car Stocks to Buy According to Analysts?