Wedbush Securities added Uber (UBER) to its ‘best ideas’ list, highlighting the company’s role in the autonomous vehicles (AV) industry. Scott Devitt, Wedbush Securities managing director of equity research, appears on Market Domination to discuss Uber’s new partnership with Nvidia (NVDA) and its role in the larger AV landscape. "Uber supports the autonomous industry by providing distribution," Devitt shares. "It’s comforting to think that Uber may be well positioned when we get to fully autonomous, but that’s probably the greatest risk to its business model as well." Devitt also discusses the dynamics between Waymo, Tesla (TSLA), and Uber and how these relationships may play out in the future. To watch more expert insights and analysis on the latest market action, check out more Market Domination here.
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