Uber’s stock rose sharply after the company announced a self-driving initiative focused on self-driving cars. Ride bookings rose noticeably in the same period. The stock jumped, propelling market value up by a large amount in one day.
Investors now look with greater interest at Uber’s plans beyond ride-hailing. Automated transport seems to be driving up optimism in the company’s future. New tech could reshape rides are increasingly on the table as Uber charts its next move.