On Monday, Uber Technologies Inc. (NYSE:UBER) and Autobrains announced plans to launch a robotaxi program in Munich, pending regulatory approval, using Autobrains’ Agentic AI technology and NVIDIA Corp. (NASDAQ:NVDA) DRIVE Hyperion Level 4 autonomous driving platform.

The companies said Munich will serve as the first deployment city for an OEM-agnostic autonomous ride-hailing model that can scale across multiple vehicle platforms and markets.

Autobrains’ technology is designed to operate on standard automotive sensors and compute systems, aiming to reduce deployment costs and improve scalability.

Executives from Uber, Autobrains and NVIDIA said the partnership combines autonomous driving software, AI compute infrastructure and Uber’s ride-hailing network to support commercial robotaxi operations.

UBER Technical Analysis: Trend, Moving Averages And Momentum

Uber stock rose 1.42% in Monday’s premarket session as improving risk appetite supported large-cap growth stocks. Nasdaq futures gained 0.27%, while S&P 500 futures advanced 0.24%.

Despite the premarket gain, Uber’s longer-term trend remains weak. At $71.40, the stock trades 14.7% below its 200-day simple moving average of $83.69. That keeps the broader outlook cautious.

The stock also remains below key shorter-term trend indicators. Uber is trading 3.7% below its 20-day SMA of $74.09 and 3.3% below its 50-day SMA of $73.81. As a result, the recent rebound has not yet reclaimed important technical ...