Serve Robotics has the potential to become the next big tech giant like Nvidia

From Nasdaq: 2024-11-24 04:30:00

Nvidia’s stock has surged 2,630% in the past five years, with a market cap of $3.5 trillion. Revenue growth is expected to rise at a CAGR of 53% from fiscal 2024 to fiscal 2027 due to AI market expansion. Serve Robotics, a small AI company, could be the next big tech giant like Nvidia.

Serve Robotics, with AI-powered sidewalk delivery robots, was founded in 2017 and integrated into Uber Eats in 2020. After a reverse merger and Nasdaq listing, its stock price rose to nearly $9, driven by Nvidia’s 10% stake. Serve plans to deploy 2,000 robots, expecting revenue to increase significantly by 2026.

The global delivery robot market could grow at a CAGR of 32% from 2024 to 2034 due to labor shortages and rising e-commerce sales. Serve Robotics, though not the next Nvidia yet, has potential for growth with production scaling and diversification. Investors seeking high-risk, high-reward plays in the AI market can consider following Nvidia’s investment.

Investing in “Double Down” stock recommendations has historically yielded high returns for companies like Nvidia, Apple, and Netflix. Opportunities like these may not come often, making it a prime time to invest in promising companies. Don’t miss out on potentially lucrative opportunities in the market.



Read more at Nasdaq: Could Serve Robotics Become the Next Nvidia?