5 Best NYSE Stocks to Buy for Long-Term Investment

Page 5 of 5

1. Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Holders: 153

Uber Technologies, Inc. (NYSE:UBER) is one of the best NYSE stocks to buy for long-term investment. Reuters reported on June 1 that Uber Technologies, Inc. (NYSE:UBER) and Israel-based Autobrains announced on Monday plans to launch a robotaxi ‌programme in Munich in collaboration with Nvidia. The collaboration marks a push to boost autonomous ride-hailing ​in Europe, and aims at combining Uber’s mobility network ​with Autobrains’ “agentic AI” driving system, ​running on Nvidia’s Drive Hyperion platform. The program is designed to expand robotaxi services beyond isolated pilots through the creation of an “OEM-agnostic” model capable of operating across various urban markets and vehicle platforms. Autobrains’ ⁠system breaks driving into specialised decision-making agents, which allows ​real-time responses through standard ​automotive ⁠sensors.

It further reported that, pending regulatory approval, Munich will serve as the ​first deployment city. Reuters stated that the city has emerged as a testing ground for autonomous mobility, as Uber Technologies, Inc. (NYSE:UBER) itself announced plans to initiate self-driving trials there from 2026.

Uber Technologies, Inc. (NYSE:UBER) operates as a technology platform that offers ride services and merchant delivery service providers for food, groceries, meal preparation, and other delivery services. The company’s operations are divided into Delivery, Mobility, and Freight. It is pioneering the introduction of autonomous vehicles to move people and goods more reliably, efficiently, and affordably.

While we acknowledge the potential of UBER to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UBER and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 5 of 5
1281292 - 11759070 - 1