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Autonomous Driving News: Uber and Waymo Are a Perfect Match

Uber will deliver the customers and Waymo will deliver the technology to this new partnership.

By Travis Hoium – Sep 18, 2024 at 7:00AM EST

Uber (UBER +0.84%) announced recently that it will partner with Alphabet's (GOOG +2.00%)(GOOGL +1.68%) Waymo division to bring autonomous vehicles to Austin and Atlanta. This continues Uber's strategy of being a marketplace for autonomous companies. In this video, Travis Hoium shows why this is a perfect match for two technology companies.

*Stock prices used were end-of-day prices of Sept. 16, 2024. The video was published on Sept. 16, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and General Motors. The Motley Fool has positions in and recommends Alphabet, Tesla, and Uber Technologies. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Uber Technologies Stock Quote
Uber Technologies
NYSE: UBER
$77.12
(+0.84%)+$0.64
Alphabet Stock Quote
Alphabet
NASDAQ: GOOGL
$341.76
(+1.71%)+$5.74
Tesla Stock Quote
Tesla
NASDAQ: TSLA
$400.62
(+3.01%)+$11.72
General Motors Stock Quote
General Motors
NYSE: GM
$81.32
(+4.19%)+$3.27
Alphabet Stock Quote
Alphabet
NASDAQ: GOOG
$339.40
(+1.99%)+$6.63
Lyft Stock Quote
Lyft
NASDAQ: LYFT
$14.95
(+1.53%)+$0.23

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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