Microsoft, Nvidia, Uber back Wayve's $1.2B funding
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 25 February 2026
⏱️ 4 minutes
🧾️ Download transcript
Summary
Tom Lee spies bottom in software stocks (3:20)
Show links:
HP's EPS outlook challenged by memory headwinds, say analysts; stock falls
Lowe's issues cautious FY26 outlook on housing market headwinds
Episode transcripts: seekingalpha.com/wsb
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Transcript
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| 0:00.0 | Good afternoon. Today is Wednesday, February 25th, and I'm your host, Rina Sherble, |
| 0:15.3 | filling in for Kim Khan. Our top story today, Autonomous Driving Startup Wave has raised $1.2 billion in a Series D round. |
| 0:24.6 | The round included participation from Microsoft, Nvidia, and Uber, along with automakers, Mercedes-Benz, and Nissan. |
| 0:31.6 | Uber said it will invest additional milestone-based capital to help scale Wave-powered Robotaxi deployments globally within a broader |
| 0:39.3 | one-and-a-half billion package aimed at supporting commercial rollout. It says it plans to launch |
| 0:44.8 | commercial Robotaxi trials in 26 and deploy supervised autonomy software in consumer vehicles |
| 0:51.9 | starting in 2027. CEO Alex Kendall said, we are building for a total |
| 0:57.5 | addressable market that spans every vehicle that moves, adding the investment accelerates the |
| 1:02.5 | path to commercial deployment and helps build an autonomy layer that will power any vehicle |
| 1:07.8 | everywhere. And in the same mobility theme, Uber is now pushing deeper into that same space with Uber |
| 1:14.3 | Air powered by Joby, letting riders book Joby Aviation all electric air taxi rides directly through |
| 1:21.5 | the Uber app. |
| 1:22.8 | Joby says it expects to carry its first passengers later this year in Dubai as the two companies work toward |
| 1:28.9 | multimodal transportation in major cities. The idea is simple. Open the Uber app, enter your destination, |
| 1:36.0 | and if the route qualifies, Uber Air powered by Joby, shows up as an option, letting riders book |
| 1:42.0 | the legs of the trip, including an Uber black pickup and drop-off |
| 1:45.7 | in one flow. Among active stocks, HP is lower after issuing mixed guidance, with analysts |
| 1:52.4 | pointing to memory-related headwinds. Morgan Stanley said the stock looks cheap at under seven times |
| 1:58.1 | price to earnings, but still sees more than 14% downside to HP's fiscal |
| 2:02.9 | year 26 EPS guide. |
| 2:05.2 | Lowe's is also under pressure as its latest quarter was overshadowed by conservative |
| 2:10.4 | full year guidance, underscoring ongoing challenges in the DIY segment, and echoing a similar |
... |
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