Uber Technologies, Inc. (UBER)’s Deal With Lucid Is “A Dalliance,” Says Jim Cramer

We recently published Jim Cramer Discusses These 10 Stocks & AI-Led Disinflation. Uber Technologies, Inc. (NYSE:UBER) is one of the stocks Jim Cramer recently discussed.

Uber Technologies, Inc. (NYSE:UBER) is the leading player in America’s ridesharing market. Its shares have gained 43% year-to-date after having enjoyed sizable catalysts from expanding its presence in the robotaxi and autonomous driving markets. Cramer’s comments about Uber Technologies, Inc. (NYSE:UBER) came after the firm announced that it was investing in Lucid Motors:

“[When asked what he thought about Uber’s investmentI mean I, you know could, when I drove a Lucid, it’s absolutely a terrific car. And that’s the extent of what you should do with it. Drive it.

“I think that you need a commitment, like the VW commitment to Rivian is extraordinary. And it still hasn’t, still Rivian is back to where it was [inaudible]. That’s an open ended check from one of the biggest, the biggest car company. So I don’t think that Uber, it’s a dalliance, it’s a dalliance. It’s fun but it’s prurient.”

A close up view of a hand holding a smartphone, using a ride sharing app.

Previously, the CNBC TV host discussed Uber Technologies, Inc. (NYSE:UBER)’s fundamentals:

“I think that Uber, we’re going to look at the fundamentals, and the fundamentals are excellent. I don’t think it’s going to be contained by $100. I have great ambitions for Uber in my head and think it’ll be up for multiple years, and you should own the stock.”

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Disclosure: None. This article is originally published at Insider Monkey.