Uber Stock Jumps on Robo-Taxi Bet

Uber's stock saw a notable jump after news emerged about its substantial investment in robo-taxi technology. The company is reportedly dedicating $10 billion to advance its autonomous vehicle and ride-hailing initiatives. This significant capital allocation underscores Uber's strategic pivot towards the future of mobility and its aggressive pursuit of market leadership in the autonomous vehicle sector, a move that could reshape the transportation landscape.