00:00It's Benzinga, bringing Wall Street to Main Street
00:02Uber shares fell on Wednesday as Waymo highlighted rapid growth in autonomous ride-hailing,
00:08according to Benzinga. Waymo is providing over 1 million fully driverless rides each month
00:14and aims to reach that level weekly by the end of 2026. It has completed 14 million trips in 2025,
00:22tripling last year's total, and expects to exceed 20 million lifetime rides by year-end.
00:27The company cited lower emissions and fewer serious crashes, and plans to enter 20 new cities in 2026.
00:35Investor Ross Gerber said Waymo is running 450,000 rides per week and generating strong
00:41per-vehicle revenue, predicting the decline of Uber. The ride-hailing service is signaling short- to
00:47medium-term weakness as it trades well below its 20-day, 50-day, and 100-day moving averages,
00:52showing a loss of upward momentum. Uber's key levels sit at $81.50 support and $93 resistance,
01:00with a hold at support hinting at a reversal and a break below it, signaling further downside.
01:05For all things money, visit Benzinga.com.
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