Uber Technologies Inc ABOVE Shares are trading 7.2% lower this week at $60.64. amber Analysts seen General Motors Co GM Unwinding of cruise as negative for the company and the viability of autonomous vehicle (AV) technology.

The decision has cast a shadow over Uber’s AV ambitions and its partnership with Cruise, adding to investor concerns.

What you should know: Uber, a global leader in ride-hailing and food delivery services, has long invested in AV technology to reduce costs and improve the efficiency of its ride-sharing services. However, GM’s move to shift resources from Cruise to private vehicle systems like Super Cruise suggests major hurdles in scaling robotaxi networks.

Also Read: Nvidia, AMD and Taiwan gain half as Broadcom’s fourth-quarter performance triggers industry-wide surge

Bernstein analysts highlighted these challenges, noting that operating and maintaining robotaxi fleets is capital intensive and fraught with operational complexity.

Daniel Roeska von Bernstein emphasized that GM’s decision disrupts the AV ecosystem and may force Uber to shoulder the financial burden of AV development independently – an untenable prospect given the significant costs involved. This scenario creates uncertainty for Uber’s strategy in a space currently dominated by deep-pocketed competitors like Waymo and Tesla.

Nikhil Devnani added that GM’s exit underscores doubts about the scalability and economic viability of robotaxi companies and further dampens optimism about Uber’s AV initiatives. Without Cruise, Uber faces limited options in the consolidating AV market.

Also read: Hershey merger talks fail: Did high cocoa prices and the Mondelez buyback program hurt the deal?

How to buy UBER shares

In addition to turning to a brokerage platform to buy a stock – or a fraction of a share – you can also gain access to stocks by either purchasing an exchange-traded fund (ETF) that holds the stock itself or by committing to a strategy in your company’s 401(k) that aims to acquire shares in a mutual fund or other vehicle.

In the case of Uber Technologies, for example, it is in the industrial sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to participate in the trends in that segment.

According to data from Benzinga Pro, UBER has a 52-week high of $87.00 and a 52-week low of