Why Serve Robotics Is Soaring Again Today
Serve Robotics (NASDAQ: SERV) stock is jumping again in Monday's trading. The company's share price was up 25.2% as of 1:45 p.m. EDT, according to data from S&P Global Market Intelligence.
Serve Robotics is rising due to excitement surrounding fireside chats featuring Nvidia CEO Jensen Huang that will be held at the SIGGRAPH 2024 conference today. Serve stock has seen explosive gains after it was revealed that Nvidia owned a stake in the company, and some investors are betting that Huang will share more details about his company's robotics strategy this afternoon.
Serve is a last-mile-delivery robotics specialist that was spun off from in 2021 and continues to have deals with the company's Uber Eats division and other partners, including 7-11. The company's sidewalk-delivery robots make use of artificial intelligence (AI) technologies for navigation capabilities and are already being used for food deliveries.
Source Fool.com
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