Nvidia invests in AI company Serve Robotics, caution advised due to high valuation

From Nasdaq: 2024-10-13 05:00:00

Nvidia is investing in smaller AI companies, including Serve Robotics, which focuses on last-mile delivery robots. Serve aims to revolutionize delivery logistics by using robots instead of cars. The company has deployed 100 robots in Los Angeles, with plans to expand to other cities. Serve’s revenue is growing, but so is its cash burn rate. Investors should proceed with caution due to Serve’s high valuation compared to its revenue. While Nvidia’s investment is a positive sign, it may not be enough to warrant investing in Serve Robotics at this time. The Motley Fool’s Stock Advisor has identified other stocks with potential for high returns, making Serve a risky investment option.



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