We recently published a list of Why These 15 Large Tech Stocks Are Skyrocketing So Far in 2025. In this article, we are going to take a look at where Uber Technologies, Inc. (NYSE:UBER) stands against other large tech stocks that are skyrocketing so far in 2025.

Tech stocks have done much better than expected in the past two years, and if the economy continues to grow and AI hype continues, it is likely that the next two years could also see better-than-expected growth in the technology sector.

Large tech companies have been spearheading the development of data centers and AI and these have delivered the most gains in recent years. This doesn’t seem to be changing as growth has remained solid and more tailwinds could be in play as companies double down on AI.

It is worth looking into which ones have delivered the most gains so far this year, as they could end up being the ones delivering the most gains for the full year.

Methodology

For this article, I screened the top-performing large tech stocks ($10 billion+ market cap) year-to-date. Stocks that I have covered recently will be excluded from this list.

I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds invest in? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

A close up view of a hand holding a smartphone, using a ride sharing app.

Uber Technologies, Inc. (NYSE:UBER)

Number of Hedge Fund Holders In Q3 2024: 136

Uber Technologies, Inc. (NYSE:UBER) is a ride-hailing and food/grocery delivery company.

The stock is up significantly year-to-date as it posted solid Q4 2024 results and upgraded its 2025 guidance.

Uber Technologies (NYSE:UBER) reported $4.56 EPS for FY 2024 and beat estimates by 142%, along with $44 billion in revenue. Analysts raised 2025 EPS forecasts to $2.44 (up from $2.31), with revenue projected to grow 15% year-over-year to $50.5 billion.

Moreover, Uber (NYSE:UBER) partnered with NVIDIA to accelerate AI integration into its autonomous vehicle platform. The company also expanded its Uber Eats AI tools and announced a $1.5 billion stock repurchase program in February 2025.

The consensus price target of $90.7 implies 14.16% upside.

UBER stock is up 31.55% year-to-date.

Overall, UBER ranks 6th on our list of large tech stocks that are skyrocketing so far in 2025. While we acknowledge the potential of UBER as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than UBER but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article is originally published at Insider Monkey.