Three in four Uber riders have never ordered groceries through the app, representing a massive untapped customer base within a $1 trillion addressable market.
Uber's advertising business surpassed a $2 billion annual run rate, growing over 50% year-over-year, with margins far higher than its delivery operations.
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Artificial intelligence has become the lens through which investors view almost every technology company. Businesses are increasingly judged by whether they win or lose the AI race, even when other growth engines continue to accelerate underneath the surface. Uber Technologies (NYSE:UBER) has become one of the latest examples.
The stock has recently swung on headlines surrounding autonomous vehicles and its partnership with Waymo, yet those headlines obscure a quieter story unfolding inside the company. For long-term investors, this overlooked business could prove far more valuable than the market currently appreciates.

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