What is Uber's new partnership regarding robotaxis?

Uber is partnering with Amazon's Zoox to offer robotaxis through its app, initially in Las Vegas starting this summer and later in Los Angeles.

Why did Oracle's stock increase?

Oracle's stock rose due to strong sales in its infrastructure business, which brought in $4.9 billion and exceeded analyst expectations, indicating high demand for AI computing.

Why did Campbells cut its profit outlook?

Campbells reduced its profit outlook to a decade low because of decreased consumer demand for snacks and supply constraints affecting its baked goods sales.

Home / Business and Economy / Uber, Oracle Surge; Campbells Falls on Profit Woes

Uber, Oracle Surge; Campbells Falls on Profit Woes

12 Mar

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Summary

Uber to deploy Amazon's robotaxis in Las Vegas this summer.
Oracle's AI infrastructure sales surged, surpassing expectations.
Campbells cut profit outlook to lowest in a decade due to constraints.

Uber, Oracle Surge; Campbells Falls on Profit Woes

Uber's stock saw a significant increase following the announcement of a multiyear agreement with Amazon's Zoox. This partnership will enable customers to hail robotaxis from Zoox via the Uber app in Las Vegas starting this summer, with expansion to Los Angeles in 2027.

Oracle's shares advanced in early trading due to robust performance in its infrastructure business, which reported $4.9 billion in revenue for the quarter ending February 28, 2026. This figure surpassed analyst expectations and signals sustained demand for AI computing resources.

In contrast, Campbells' stock price dropped after the company revised its profit outlook to the lowest in a decade. This downward revision is attributed to reduced consumer spending on snacks and ongoing supply chain challenges impacting the availability of its freshly baked products.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.