Nvidia's investment driving significant gains for Serve Robotics, with potential growth and partnerships in focus.

From Nasdaq: 2024-07-24 12:20:06

Nvidia’s interest in under-the-radar penny stocks like SoundHound AI and Serve Robotics has been driving significant gains. Serve Robotics, a spinoff of Postmates, is focused on autonomous sidewalk delivery robots, serving the growing need for contactless delivery solutions driven by the e-commerce boom. Serve has impressive revenue growth projections and a promising partnership with Uber and Nvidia, making it a potential buy.

With Serve Robotics receiving investments from Nvidia and Uber, the company’s revenue is expected to skyrocket, leading to a potential upside of 430% according to Wall Street analysts. However, investors should be cautious as Serve Robotics is in its early stages and may experience financial volatility. Serve’s advanced technology, strong partnerships, and growth potential in the autonomous delivery market make it a compelling long-term investment opportunity.



Read more at Nasdaq: Up 233% Since Nvidia’s Investment, Is It Too Late to Buy This Robotics Stock?