Grab (NASDAQ:GRAB) closed at $5.27, up 3.54%, after acquiring AI robotics firm Infermove. Trading volume surged to 70.7 million shares, 52% above the three-month average. The S&P 500 and Nasdaq Composite also rose, with growth stocks like Uber and Lyft advancing.

Grab’s acquisition of Infermove boosts its last-mile delivery capabilities with AI-powered Carri robots. Analysts predict the last-mile robotics market could reach $20 billion by 2027. Grab, with 17% annual sales growth and recent profitability, presents a promising investment opportunity as it expands across Southeast Asia. Investors should monitor Grab as a potential growth stock.

Read more at Nasdaq: Stock Market Today, Jan. 6: Grab Rallies on AI Robotics Deal to Boost Delivery Automation