Why Serve Robotics Stock Skyrocketed 18.2% Today
Shares of Serve Robotics (NASDAQ: SERV) jumped on Wednesday, finishing the day up 18.2%. The spike came as the S 500 gained 0.3% and the Nasdaq Composite rose 0.1%.
A report from Politico revealed today that the Trump administration considers the robotics industry a critical part of its push to develop domestic manufacturing.
The report, citing two insiders, claims that the administration is looking to issue a major executive order on robotics in the coming year. Similar orders in the past, like those for artificial intelligence and critical minerals, helped spur major rallies for some companies.
Source Fool.com
