5 Best Electric and Autonomous Driving Stocks to Buy According to Hedge Funds

4. Uber Technologies Inc. (NYSE:UBER)

Uber Technologies Inc. (NYSE:UBER) is one of the 10 best electric and autonomous driving stocks to buy according to hedge funds.

On June 1, Uber Technologies Inc. (NYSE:UBER) and Autobrains revealed their business collaboration around a robotaxi program launch in Munich. This initiative brings together Uber’s ride-hailing platform, Autobrains’ Agentic AI technology, and NVIDIA’s DRIVE Hyperion computing platform.

Together, they plan to build an OEM-agnostic model that shifts autonomous ride-hailing from isolated operations to repeatable and expansive fleet infrastructure. While waiting for the government’s approval, they selected Munich as the first city to test this program because of its complex road networks, dense city streets, and a supportive regulatory environment.

Autonomy’s dependence on custom vehicles, heavy sensors, and complex architectures makes it very costly. As a solution, Autobrains’ Agentic AI is enabling real-time data, standard sensor integration, multiple specialized AI agents, and OEM-agnostic deployment.

Uber’s Global Head of Autonomous Mobility & Delivery, Sarfraz Maredia, highlighted that the real problem is not to develop these cars, but rather their integration into a commercial network. He sees the robotaxi program as a viable solution to this problem. He stated:

“For automakers and autonomy developers, the challenge is not just building autonomous vehicles – it’s bringing them into a commercial network where they can reliably serve riders at scale. This program creates a new path to do that by combining vehicle-agnostic autonomy, leading AI compute, and Uber’s ride-hailing platform.”

Uber Technologies Inc. (NYSE:UBER) creates and runs exclusive technology solutions globally. It offers riders a variety of transportation modalities like ridesharing, taxis, public transit, as well as advertising and financial partnership products. Its services portfolio also includes white-label delivery-as-a-service for retailers and restaurants, an on-demand platform to automate logistics, and transportation and logistics networks.