Uber Technologies, Inc. ABOVE The stock is trading lower on Thursday following a report Alphabet Inc. GOOGL – Waymo will launch in Miami in 2026. Here’s what you need to know.

What you should know: According to CNBC, Waymo announced plans to launch in Miami in 2025 with human safety drivers and start offering rides through the Waymo app in 2026.

Alphabet originally tested Waymo in Miami in 2019 and plans to use the lessons learned when it returns to Miami. Specifically, the company has “deepened our learning and understanding of the Waymo Driver’s performance in adverse weather conditions,” a company spokesperson told CNBC.

Waymo has experienced growth in recent years and is planning further expansion. The company recently eliminated the waiting list for users in Los Angeles to allow broader access to the app and secured around $5.6 billion in funding to help expand its self-driving service.

Uber may trade lower following Waymo’s expansion into Miami, as the growth of autonomous driving fleets could reduce demand for human-operated ride-hailing services. This shift is typically seen as a potential threat to Uber’s business model, as companies like Waymo already offer autonomous ride-hailing services and others, like Tesla, could eventually come to market with their own self-driving fleets.

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UBER price promotion: At publication time, Uber shares are trading 8.17% lower at $66.31, according to data from Benzinga Pro.

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