Should You Buy Serve Robotics Stock Before March 6?
Ride-hailing giant Uber Technologies and artificial intelligence (AI) chipmaker Nvidia don't have much in common, but until the end of last year, they were the two largest shareholders in Serve Robotics (NASDAQ: SERV). However, investors recently learned that Nvidia sold its entire position at the end of 2024, and Serve stock has plunged by more than 50% since. Serve developed an autonomous last-mile delivery robot powered by some of Nvidia's technology, and it's working to deploy thousands of them this year under a deal with Uber's Uber Eats platform. The company is scheduled to report its latest financial results for the fourth quarter of 2024 (ended Dec. 31) on March 6, which will give investors an update on its progress. Could the 50% dip in Serve stock be a buying opportunity ahead of the report?Continue reading
Ride-hailing giant Uber Technologies and artificial intelligence (AI) chipmaker Nvidia don't have much in common, but until the end of last year, they were the two largest shareholders in Serve Robotics (NASDAQ: SERV). However, investors recently learned that Nvidia sold its entire position at the end of 2024, and Serve stock has plunged by more than 50% since.
Serve developed an autonomous last-mile delivery robot powered by some of Nvidia's technology, and it's working to deploy thousands of them this year under a deal with Uber's Uber Eats platform. The company is scheduled to report its latest financial results for the fourth quarter of 2024 (ended Dec. 31) on March 6, which will give investors an update on its progress.
Could the 50% dip in Serve stock be a buying opportunity ahead of the report?
