Investment consulting firm Ithaka Group released its “Ithaka U.S. Growth Strategy” for investors in the first quarter of 2025. A copy of the letter can be downloaded here. After two years of growth of more than 25%, the market welcomes the New Year with considerable volatility and a sharp decline. In the first quarter, Idaka's portfolio performed under R1000G 30 basis points, recording -10.3% to -10.0% (fees) in a negative market environment. Also, check the fund’s top five holdings to see its best options for 2025.

Ithaca's U.S. growth strategy highlighted Uber Technologies, Inc in its first-quarter 2025 investor letter. (NYSE:UBER) and other stocks. Uber Technologies, Inc. (NYSE:UBER) Develop and operate proprietary technology applications that run through the mobility, delivery and freight sectors. Uber Technologies, Inc. (NYSE:UBER) has a one-month return of 7.32%, and its shares have earned 18.20% of its value in the past 52 weeks. April 28, 2025, Uber Technologies, Inc. (NYSE: UBER) stock closed at $78.33 per share and had a market value of $163.808 billion.

Ithaca's U.S. growth strategy pointed out in its 2025 investor letter in its Q1 2025 investor letter. (NYSE:UBER) The following content:

“Uber Technologies, Inc. (NYSE: Uber) adopts a market-based technology platform for matching drivers and their vehicles to individuals, products and parcels to point B. The company provides access to approximately 6 million independent contractors (drivers) to its 170 million active users (riders) monthly, thus providing both parties with real-time access to logistics services. Uber's business consists of three parts: mobility, delivery and freight. These businesses are in total at approximately $160B in annual bookings on 11.3B trips in 2024. In the company's fourth-quarter earnings announcement, CEO Dara Khosrowshahi put forward his vision for why Uber will be largely autonomous in future cars. This written work helps eliminate stock overhangs and makes investors happy with Uber's future prospects. Additionally, the stock was helped by the announcement that well-known investor Bill Ackman was the top 15 shareholders in the company. ”

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Uber Technologies, Inc. (NYSE:UBER) ranks 10th among the 30 most popular stocks in hedge funds. According to our database, 166 hedge fund portfolio holds Uber Technologies, Inc at the end of the fourth quarter. (NYSE:UBER), compared to 136 in the third quarter. Although we acknowledge Uber Technologies, Inc. (NYSE:UBER) The potential is an investment, but our belief is that AI stocks have greater hope to offer higher returns and do so in a shorter time frame. If you are looking for AI stocks that are as promising as NVIDIA but have less than 5 times its earnings, check out our report on the cheapest AI stocks.