9 AI Stocks Poised to Gain from Trump’s Middle East AI Push

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

Number of Hedge Fund Holders: 166

Uber Technologies, Inc. (NYSE:UBER) is engaged in developing and operating proprietary technology applications. On May 13, Reuters reported that the White House has named several big tech firms that will be investing $80 billion in cutting-edge transformative technologies in both countries. One of them is Uber Technologies, Inc. Saudi Arabian leaders have already expressed their desire for autonomous vehicles to play a role in the country’s broader Vision 2030 modernization plans, aiming to reduce the reliance on oil. Last year, the country also released a regulatory framework on the adoption of self-driving cars. On Tuesday, Saudi Arabia’s Transport General Authority notified in a post on X that the agency had signed a memorandum of understanding with Uber to launch autonomous vehicles in the country.

“First autonomous vehicles expected to launch on the Uber platform with onboard safety operators in 2025.”

-Transport General Authority.