Platinum International Fund: “Uber Technologies (UBER) is a ‘Battleground’ Company.”

3 days ago 4

Soumya Eswaran

Tue, March 31, 2026 astatine 8:14 AM CDT 3 min read

Platinum Asset Management, an concern absorption company, released its Q4 2025 capitalist missive for “Platinum International Technology Fund”. A transcript of the missive tin beryllium downloaded here. The money was up 3% successful the 4th fourth and 13.1% for calendar 2025, surpassing the benchmark instrumentality of 2.5% and 12.4%, respectively. U.S. Dollar depreciation negatively impacted Fund and Benchmark instrumentality successful Australian dollar presumption successful 2025. The marketplace was ‘risk-on’, with antiaircraft sectors similar Real Estate and Consumer Staples underperforming, portion discretionary user businesses showed mixed results. For 2026, the steadfast anticipates a akin concern situation arsenic successful 2025 and 2024, hoping to debar utmost events similar a Liberation Day. The steadfast expects ongoing macroeconomic trends and a absorption connected AI, portion being cautious astir imaginable adverse outcomes from unexpected areas. In addition, you tin cheque the Portfolio’s apical 5 holdings to find retired its champion picks for 2025.

In its fourth-quarter 2025 capitalist letter, Platinum International Technology Fund highlighted stocks similar Uber Technologies, Inc. (NYSE:UBER). Uber Technologies, Inc. (NYSE:UBER) is simply a multinational exertion institution that offers ridesharing, nutrient delivery, freight, and different services. On March 30, 2026, Uber Technologies, Inc. (NYSE:UBER) banal closed astatine $69.91 per share. One-month instrumentality of Uber Technologies, Inc. (NYSE:UBER) was -8.45%, and its shares mislaid 4.22% implicit the past 52 weeks. Uber Technologies, Inc. (NYSE:UBER) has a marketplace capitalization of $143.88 billion.

Platinum International Technology Fund stated the pursuing regarding Uber Technologies, Inc. (NYSE:UBER) successful its 4th fourth 2025 capitalist letter:

"Jacobs Solutions, Microsoft and Uber Technologies, Inc. (NYSE:UBER) detracted from the Fund’s quarterly returns by betwixt 0.5% and 0.8% each but we instrumentality a longer-term presumption and proceed to presumption these businesses arsenic well-placed.

We would telephone Uber a ‘battleground’ company. It’s intelligibly the person successful ridesharing and repast transportation successful the U.S. and galore planetary markets. Autonomous vehicles proceed to summation traction, with Waymo (Alphabet), Telsa and Zoox (Amazon.com) astatine the forefront and galore different companies processing autonomous conveyance strategies.

Uber is moving with galore of these companies and is good placed to support its cardinal web relation successful a hybrid satellite of human-driven and autonomous vehicles. That said, we recognise the inherent uncertainties and presumption Uber arsenic a higher-risk, higher-return concern opportunity. Accordingly, Uber is simply a smaller presumption successful the Fund and is not a apical 10 holding."

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