Uber Tech

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $Uber Tech(UBER.US) Uber to Acquire ezCater for $𝟮.𝟯 Billion, Expanding Catering on Uber Eats

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗨𝗯𝗲𝗿 agrees to acquire 𝗲𝘇𝗖𝗮𝘁𝗲𝗿 for $𝟮.𝟯 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 cash.

➤ ezCater provides workplace catering from over 𝟭𝟰𝟬,𝟬𝟬𝟬 restaurants nationwide.

➤ Acquisition combines 𝗲𝘇𝗖𝗮𝘁𝗲𝗿, 𝗨𝗯𝗲𝗿 𝗘𝗮𝘁𝘀, and 𝗨𝗯𝗲𝗿 𝗳𝗼𝗿 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀.

➤ ezCater generated over $𝟮.𝟱 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 in trailing-twelve-month Gross Bookings.

➤ Gross Bookings are growing at a 𝗵𝗶𝗴𝗵-𝘁𝗲𝗲𝗻𝘀 year-over-year rate.

➤ ezCater's average order value exceeds $𝟰𝟬𝟬.

➤ ezCater is profitable on a 𝗡𝗼𝗻-𝗚𝗔𝗔𝗣 Operating Income basis.

➤ Uber expects the acquisition to be 𝗺𝗮𝗿𝗴𝗶𝗻 𝗮𝗰𝗰𝗿𝗲𝘁𝗶𝘃𝗲.

➤ Transaction is expected to close within the 𝗰𝗼𝗺𝗶𝗻𝗴 𝗺𝗼𝗻𝘁𝗵𝘀, pending approvals.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Expands 𝗨𝗯𝗲𝗿 𝗘𝗮𝘁𝘀 deeper into higher-value corporate catering.

➤ Adds larger orders and new customer opportunities for participating restaurants.

➤ Strengthens Uber's position in the recurring 𝗕𝟮𝗕 workplace-meals market.

➤ Creates additional higher-value delivery opportunities for 𝗨𝗯𝗲𝗿 𝗘𝗮𝘁𝘀 couriers.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗗𝗮𝗿𝗮 𝗞𝗵𝗼𝘀𝗿𝗼𝘄𝘀𝗵𝗮𝗵𝗶, CEO of Uber:

“Catering is a big business, and can be a huge revenue stream for restaurants,” said Dara Khosrowshahi, CEO of Uber. “Nihad and his incredible team have built an amazing platform. With Uber’s reach, we can bring that experience to millions more customers and help restaurants win more of these valuable orders.”

𝗡𝗶𝗵𝗮𝗱 𝗥𝗮𝗵𝗺𝗮𝗻, CEO of ezCater:

“We're thrilled to be joining forces with Uber. Our team is proud of what we've built — the leading platform for workplace catering, and a major growth channel for our restaurant partners,” said Nihad Rahman, CEO of ezCater. “We're energized to bring our catering and B2B expertise to Uber's global ecosystem of customers, merchants, and couriers.”

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. Nvidia $NVIDIA(NVDA.US) and Palantir $Palantir Tech(PLTR.US) expanded their AI partnership, building a new stack that combines Palantir’s sovereign AI platform with Nvidia’s custom Nemotron open models. The technology is being deployed first across Nvidia’s own supply chain, using AI to capture operational intelligence and accelerate the process from “wafer to first token.” Other companies will be able to deploy the same architecture across their own supply chains, either in the cloud or on-prem. The partnership, first announced in October 2025, has continued compounding into new verticals, use cases, and sovereign AI deployments built around one core idea: enterprises and governments want to own, control, and make sense of their own data. Palantir also hosted its 11th AIPCon today, where partners showcased how they are using Ontology, Foundry, AIP, and Sovereign AI to solve complex operational problems.

2. U.S. PPI came in slightly hotter than expected, rising 5.4% YoY versus 5.3% expected, while monthly PPI rose 0.4%, in line with estimates. Core PPI was 4.6% YoY, matching expectations, while core monthly PPI rose 0.2%, below the 0.3% estimate. Initial jobless claims came in at 206K versus 205K expected, showing labor-market claims remain broadly steady even as producer inflation stays elevated.

3. Microsoft $Microsoft(MSFT.US) plans to triple its global data center capacity, expanding from roughly 12 GW today to more than 38 GW by 2032, according to Bloomberg. That would add about 26 GW of capacity, with AI-specific compute expected to grow from around 2 GW today to roughly one-third of total capacity by 2032, or about 13 GW. The target excludes compute rented from neoclouds like CoreWeave. The buildout comes after capacity shortages forced Microsoft to restrict some cloud subscriptions and turn away AI and cloud demand. Microsoft spent $145B in capex last fiscal year and has $329B in future data center lease commitments.

4. Oracle $Oracle(ORCL.US) delivered more than 300,000 GPUs to AI cloud customers since the end of Q4, nearly tripling the capacity delivered in Q4 FY26. The company’s RPO surged by $209B YoY to $664B after booking more than $30B of additional AI cloud contracts in Q1. Q1 revenue came in at $19.3B versus $19.14B expected, up 30% YoY, while adjusted EPS was $1.92 versus $1.74 expected, also up 30% YoY. Cloud revenue reached $11.6B, up 62% YoY, led by cloud infrastructure revenue of $7.4B, up 121% YoY. Oracle also guided FY revenue to at least $90B and adjusted EPS to $8.10, while disclosing $28.5B of capex, -$5.4B of free cash flow, and a $20B ATM equity program.

5. The top 10 most active options today by contracts traded were $Apple(AAPL.US) with 2.8M contracts, $NVIDIA(NVDA.US) with 2.3M contracts, $Tesla(TSLA.US) with 1.6M contracts, $SpaceX(SPCX.US) with 1.2M contracts, $Micron Tech(MU.US) with 769K contracts, $Meta Platforms(META.US) with 750K contracts, $Oracle(ORCL.US) with 733K contracts, $Intel(INTC.US) with 628K contracts, $Alphabet(GOOGL.US) with 475K contracts, and $Amazon(AMZN.US) with 409K contracts.

6. Adobe $Adobe(ADBE.US) reported Q3’26 revenue of $6.8B versus $6.69B expected, up 13% YoY, with adjusted EPS of $6.13 versus $6.09 expected, up 15% YoY. ARR reached $27.5B, while RPO came in at $22.2B and AI-first ARR growth was 150%+. Adobe also raised its FY26 guide, now expecting revenue of $26.58B-$26.63B and EPS of $24.45-$24.50, both ahead of estimates. Segment strength remained broad, with Customer Groups revenue at $6.6B, up 14% YoY, and Creative & Marketing Professionals revenue at $4.7B, up 13% YoY. The company also crossed 1B+ monthly active users, calling it a defining moment for Adobe.

7. Uber $Uber Tech(UBER.US) CEO Dara Khosrowshahi bought 141K shares for about $10M at an average price of $70.96. The purchase marks Dara’s first open-market buy of Uber stock since May 2022, when he bought 200K shares at roughly $26.73. A $10M insider buy from the CEO is a notable confidence signal as investors continue watching Uber’s growth, margin expansion, buybacks, and long-term autonomous vehicle strategy.

8. Nvidia $NVIDIA(NVDA.US) CEO Jensen Huang says cybersecurity is likely AI’s next major market, as AI-generated code accelerates both software development and the vulnerabilities that come with it. Huang said rapidly evolving threats should drive more demand for AI-powered security and automated defenses, creating another major growth vertical for the technology. He also pushed back on the idea that Nvidia’s AI financing is “circular,” saying, “We put a little bit of money in and a lot of money comes back. We put in 1 and 100 comes back in.” Huang added that the financing only happens because the off-take is already there: “That off-take is $100B. It’s lined-up contracts. It is real stuff.” He said Nvidia knows where the demand is coming from, understands the quality of that demand, and that its financing is only a “very small part” of these projects.

9. SpaceX $SpaceX(SPCX.US) CFO Bret Johnsen said the company signed another AI compute hosting deal that will generate $1.11B of revenue per month, or $13.3B annually, starting December 1, 2026. “Earlier this month, we closed another hosting deal. By the end of this year, with annualizing our December number, we're on track to hit $100B of ARR,” Johnsen said at Goldman Sachs’ Communacopia and Technology Conference. The update highlights how quickly SpaceX’s AI compute business is scaling into one of the largest infrastructure revenue stories in the market.

10. GameStop $GameStop(GME.US) CEO and Chairman Ryan Cohen bought 1M shares at an average price of $20.38, a purchase worth roughly $20.4M. His Form 4 shows 39.35M shares directly owned, while a new 13D reports 43.1M shares beneficially owned, equal to an 8.5% stake. The buy adds another insider-confidence signal at a time when investors are watching how Cohen plans to deploy GameStop’s balance sheet and reshape the company’s long-term strategy.

11. Robinhood $Robinhood(HOOD.US) ended August with 28.6M funded customers, up 7% YoY, while total platform assets reached $383.7B, up 8% MoM and 26% YoY. Net deposits were $4.0B. Trading activity stayed strong, with equities at $335.4B up 68% YoY, options at 292.5M contracts up 50% YoY, crypto at $17.5B up 61% MoM but down 38% YoY, and event contracts at 4.7B, down 23% MoM but up 15x YoY. Interest-earning assets also continued scaling, with margin balances at $21.5B up 72% YoY, cash and deposits at $19.6B up 37% YoY, and cash sweep at $31.2B up 7% MoM. Robinhood also expanded the platform with agentic options and crypto trading, Robinhood Earn, Smart Income, UK crypto trading, 190+ stock tokens on Robinhood Chain, and additional Cortex and IPO Access features for RIAs.

12. Saudi oil output fell to its lowest level since 1990, as Saudi Arabia told OPEC its production declined again. At the same time, OPEC cut its 2026 global oil-demand growth forecast to 380K bpd from 580K bpd, while raising its 2027 demand-growth outlook to 2.36M bpd from 2.16M bpd, signaling a potential rebound next year. OPEC+ crude production averaged 38.05M bpd in August, up roughly 300K bpd from July. The backdrop is getting more complicated for markets, with oil pushing past $100/barrel and the 10-year Treasury yield near 4.9%.

WALL STREET IS THE GREATEST SHOW ON EARTH.

Source: amit

$Uber Tech(UBER.US) Stock Pops After CEO Buys Shares Worth $10 Million.

I continue to believe $Uber Tech(UBER.US) is best positioned to take advantage of several auto manufacturers offering fully autonomous driving options in their vehicles, as self-driving can easily be added and selected by $Uber Tech(UBER.US)’s 215 million monthly active users who already use the app. UBER currently has over 10 million vehicles in its network.

(Barron's) -- Uber Technologies CEO Dara Khosrowshahi bought about $10 million of stock in the company early Thursday and the filing of his purchase at midday sparked a rally in the depressed shares of the leading ride-hailing company.

Khosrowshahi purchased 141,000 shares of Uber at an average price of $70.96, according to a form 4 filing with the Securities and Exchange Commission. That raised his total holdings to 1.367 million shares now worth about $100 million.

The Form 4 filing by Khosrowshahi was made around 12:40 EDT and the news immediately resulted in a 3% pop in the shares, which had been trading around $70.75. Uber shares finished Thursday at $72.56, up 2.1%.

Uber shares are down about 10% from their August high of around $80 and are off 11% this year amid investor concerns about whether its business will be disrupted by autonomous vehicles operated by Waymo and Tesla.

Insiders have two business days to file Form 4s on stock buys and most of them wait a day or two before filing. It's unusual to see a same-day filing by an insider of a stock purchase.

This is the second purchase in a week by an Uber executive. On Sept. 4, Chief Operating Officer Andrew Macdonald bought 70,000 Uber shares for roughly $5.3 million. That stock was purchased across two transactions at prices between $75.23 and $76.85 a share.

The twin purchases are a sign that top executives view Uber stock as cheap. The stock is now trading for about 11 times projected 2027 free cash flow and around 17 times 2027 GAAP earnings.