Nvidia's (NVDA -3.22%) stock soared 2,630% over the past five years, boosting its market cap to roughly $3.5 trillion and making it the most valuable company in the world. Most of that rally was driven by its brisk sales of AI-oriented GPUs for data centers.
Ali Kashani, CEO of Serve Robotics (SERV), discusses the company's direction after acquiring Vebu. He hopes to expand the company's footprint in autonomous robot deliveries.
SERV rides on strong prospects, driven by robust demand for last-mile delivery amid intensifying competition.
Serve Robotics Inc. (NASDAQ:SERV ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Aduke Thelwell – Head-Communications and Investor Relations Ali Kashani – Co-Founder and Chief Executive Officer Brian Read – Chief Financial Officer Conference Call Participants Operator Thank you for standing by. My name is Kathleen, and I will be your conference operator today.
Serve Robotics , known for its sidewalk delivery robots, is branching out from its mainstay focus on automated delivery solutions and into restaurant kitchens through its acquisition of the 'Autocado' technology seen at Chipotle stores.
SERV's third-quarter 2024 performance is likely to have gained from rapid advances in robotics, supported by partner platforms.
Serve Robotics (NASDAQ: SERV), has unveiled its third-generation autonomous sidewalk delivery robot featuring enhanced capabilities and lower manufacturing costs. Equipped with Nvidia's (NASDAQ: NVDA) Jetson Orin module, Ouster's REV7 lidar, and upgraded sensors, the robot offers five times more computing power for faster artificial intelligence navigation.
Serve Robotics stock jumped 225% when Nvidia's stake in the company was revealed, but it plummeted afterward.
Serve Robotics announces its partnership with Wing Aviation LLC.The Collaboration expands Autonomous delivery and ensures efficiency.
Ali Kashani, CEO of Serve Robotics (SERV), talks about the direction of the company after announcing its partnership with Wing Aviation. As Serve sets its sights on autonomous drone delivery, Ali discusses how its services can cut accidents and delivery costs, while talking about the company's "very fortunate spot" on its path to profitability.
SERV shares are not for faint-hearted investors but are attractive on a long-term basis due to an expanding robotics fleet.
Serve reported strong year-over-year growth, but the company is still very small. It announced a new partnership with Shake Shack.