Uber's Expansion With AV Partners Seen Boosting Confidence -- Market Talk

1322 ET - Mizuho analysts say they see growing evidence that Uber could ultimately benefit from the rise of autonomous vehicles, which they expect to soothe investors' worries of disruption from companies that actually own AV technology. While Waymo has had success in San Francisco that demonstrates strong product-market fit, a broader AV ecosystem is emerging as Uber partners with WeRide, Pony.ai and other AV players, the analysts say. Continued expansion with those non-Waymo partners "should increase investor confidence that the long-term AV ecosystem is likely to support multiple suppliers rather than a winner-take-all outcome," the analysts say. While diversification may take time, operational data points "reinforce our view AV adoption can expand the overall category without necessarily undermining Uber's platform position," they say. (kelly.cloonan@wsj.com)

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August 18, 2026 13:23 ET (17:23 GMT)