SERV shares are not for faint-hearted investors but are attractive on a long-term basis due to an expanding robotics fleet.
NEW YORK, NY / ACCESSWIRE / August 29, 2024 / Aegis Capital Corp. acted as Exclusive Placement Agent on a $20.0 Million Private Placement & Warrant Exercise for Serve Robotics Inc. (NASDAQ:SERV). About Serve Robotics Inc. Serve Robotics Inc. designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States.
Nvidia just revealed an investment in Serve Robotics. Serve Robotics is a development-stage company that went public in April.
SoundHound AI stock skyrocketed when it was revealed that Nvidia owned a stake in the AI company. History is repeating itself as Serve Robotics has attracted investors gaze.
Stock market investors tend to gravitate toward investments made by Nvidia.
Serve Robotics (SERV) second-quarter 2024 results benefit from the company's software services contract with Magna.
Serve Robotics' Q2 report arrived with signs that the business ramp-up is proceeding at a solid pace. Despite recording very little revenue, the company has managed to keep its losses relatively low.
Serve Robotics NASDAQ: SERV is up by double-digits following its Q2 release and may continue increasing because of its operational improvements. However, every positive detail is offset by a negative, raising doubts about the stock price trajectory.
One of the top-trending equities on Tuesday, food-delivery robotics specialist Serve Robotics (NASDAQ: SERV ) saw its value soar. Positive sentiment has returned to the market in response to Monday's severe selloff.
Investors have been following Nvidia into Serve Robotics. Serve Robotics was spun off from Uber several years ago.
Stocks usually get a big boost when Nvidia makes an investment.
Serve Robotics stock has seen incredible gains following a disclosure that Nvidia has invested in the company. Nvidia's CEO Jensen Huang is scheduled to participate in two conferences this afternoon.