Uber and Lyft shares climbed after Nvidia announced expanded partnerships with the firms and others, as part of its push into the market for self-driving cars.

Nvidia and Uber plan to launch robotaxis in 28 cities by the end of 2028, the companies said.

AI chip leader Nvidia is getting more involved in the self-driving car race. That's lifting shares of its partners' stocks.

Uber (UBER) shares surged over 5% and Lyft (LYFT) climbed about 3% in recent trading, after Nvidia announced expanded partnerships with the firms and others at its GPU Technology Conference keynote Monday, as part of its growing push into the market for self-driving cars.

Nvidia and Uber said they plan to launch autonomous vehicles running on Nvidia software in Los Angeles and San Francisco in the first half of 2027, and another few dozen cities through 2028. Nvidia also announced new and expanded partnerships with Hyundai, BYD, Geely, Isuzu, and Nissan, which rose on their home exchanges as well.

Nvidia's latest partnerships in the autonomous vehicles space could underscore the company's growing lines of business and influence across industries.

Earlier this year, Nvidia announced that its autonomous driving software would power a Mercedes Benz car later this year. The chipmaker's latest moves could help Nvidia's case as a likely beneficiary of the self-driving car industry's expected growth.

Nvidia shares were down about 0.4% in recent trading, after gaining 1.6% Monday as CEO Jensen Huang hosted the company's GTC keynote.

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