Uber TechnologiesNYSE: UBER

On Wednesday, Uber Technologies introduced "XXL" rides that offer more trunk space, hoping to attract more customers during the Thanksgiving holiday. This move comes as the ride-hailing company tries to recover from a decline in its main taxi service.

According to analysts from Jefferies, Uber Technologies Inc's ridesharing service is not in serious danger in the short term, even with discussions about new robotaxi services. They believe that robotaxi fleets probably won't be able to offer lower prices, and that the growth of self-driving technology could actually benefit Uber.

Uber has a great chance to grow as it broadens its technology-based marketplace. The company plans to offer self-driving cars on its platform through partnerships with companies like Waymo and Cruise. Uber's success in adopting self-driving technology depends on the balance between human drivers and autonomous vehicles.

The main U.S. stock indexes had mixed results at the start of the trading week, as investors await Nvidia's quarterly earnings report on Wednesday. Nvidia is a major player in the semiconductor industry.

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On Thursday, the Estonian ride-hailing and food delivery company Bolt announced that it has reached 2 billion euros ($2.11 billion) in annual revenue. This achievement comes as Bolt, a competitor to the U.S. company Uber, expands its operations worldwide and gets ready for an initial public offering.

Ridesharing companies such as Uber are expected to grow in the long run because fewer people are buying cars, car prices are increasing, and fewer people are using their vehicles. In the United States, the growth of car ownership is leveling off, and the high costs make owning a car less affordable, particularly in cities. Additionally, more people working from home means they need to commute less, which decreases the need for personal cars.