Uber Technologies Inc. (UBER) saw its shares surge 5.09% in pre-market trading on Monday, as the ride-hailing and delivery giant continued to benefit from a rebound in its core businesses and investor optimism around its investments in disruptive technologies like artificial intelligence (AI) and autonomous vehicles.

According to analysts, Uber's strong performance can be attributed to several key factors:

1) A continued recovery in its flagship Mobility (ridesharing) operations, which have rebounded from the pandemic-induced slump as more people return to offices and travel.

2) Robust growth in its Delivery unit, driven by increasing consumer demand for online food and grocery orders. Uber has expanded its delivery services through strategic acquisitions and partnerships.

3) Investor enthusiasm around Uber's investments in cutting-edge technologies like self-driving vehicles and robotics delivery. The company's former autonomous vehicle unit, Serve Robotics, has gained traction with its AI-powered sidewalk delivery robots, raising hopes for future growth opportunities.

Analysts at Zacks Investment Research cited Uber's focus on financial discipline and strong adjusted EBITDA guidance for Q1 2025 as additional positive factors. However, the firm maintained a "Neutral" rating on the stock, citing concerns over high costs, expenses, and debt levels.