Serve Robotics (NASDAQ: SERV) stock, known for its autonomous food delivery robots powered by artificial intelligence, surged 11.3% after the company announced the deployment of its 1,000th robot. Serve plans to have 2,000 robots in operation by year’s end, with a deployment rate of 380 per month.

Despite exceeding its robot deployment target, Serve Robotics faces challenges with growing losses. The company lost $39 million last year, with losses on track to reach $68 million in 2025. Revenue is growing but may fall short of Wall Street’s expectations, with analysts forecasting Serve won’t be profitable until 2031.

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Read more at Nasdaq: Why Serve Robotics Stock Popped Today