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The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Shares of Palantir Technologies (NASDAQ: PLTR) have climbed by 255% over the last year, bringing its market value to about $200 billion. However, several Wall Street analysts expect Advanced Micro Devices (AMD -0.61%) and Uber Technologies (UBER 2.17%) to top that market cap in the next year.
Shares of Lyft have continued to crash in 2025, pushing the stock to a very cheap ~8x adjusted EBITDA and ~4x FCF multiples. I'm upgrading Lyft to a strong buy, especially on the back of strong Q4 results that showed record-breaking bookings at a 15% y/y growth pace. Lyft's pure rideshare focus is more recession-proof than Uber (as delivery orders are more discretionary), offering stable demand amid potential economic downturns.
Anything growth-related is "taking it on the chin" so far in 2025, says Allan Boomer. He argues "no one wants to see all the volatility" in a growth-centric environment.
Olive Garden parent Darden Restaurants matched profit views, but sales of $3.158 billion, up 6.2%, missed expectations for $3.214 billion. The post Olive Garden Parent Rallies Despite Mixed Quarter As Uber Deliveries Expand appeared first on Investor's Business Daily.
Cheddar's is the next Darden brand to test first-party delivery following the successful rollout at Olive Garden ORLANDO, Fla. and SAN FRANCISCO , March 20, 2025 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) and Uber Technologies, Inc. (NYSE: UBER) announced today that Cheddar's Scratch Kitchen is the next Darden brand to pilot on-demand delivery.
Washington state lawmakers have abandoned an attempt to limit the cost of ride-hailing fares during large public events.
Nvidia Corp NVDA just landed another heavyweight deal—this time with General Motors Co GM—and it's one that could shake up the autonomous driving race.
The Investment Committee discuss the latest Calls of the Day.
Serve Robotics (SERV 2.15%) develops autonomous robots that have already completed thousands of food deliveries on behalf of platforms like Uber's Uber Eats. In fact, the company has a contract with Uber to deploy thousands of new robots by the end of 2025, which will pave the way for an expansion into new geographic markets.