Why Serve Robotics Stock Popped Today
Key Points
Nvidia CEO Jensen Huang said he "loved" Serve Robotics.
Another analyst gave the stock a strong endorsement earlier this month.
Analysts are expecting exponential growth from the company this year.
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Shares of Serve Robotics (NASDAQ: SERV), the maker of food delivery sidewalk robots, were moving higher today after Nvidia CEO Jensen Huang shouted out the company's technology in remarks at the CES Conference today.
The endorsement was enough to send the stock up 14.4% at the closing bell.
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Image source: Serve Robotics.
What Jensen said about Serve Robotics
In a keynote on physical AI at CES, Huang said, "I love Serve Robotics," and added, "The next generation of AI is physical AI." Serve was also the only delivery robot Huang mentioned.
Serve partners with companies like Uber Eats and Shake Shack to delivery in urban neighborhoods with rolling sidewalk robots.
The company is still very small, but the remarks from Huang should get some more attention, at least from investors, if not other potential partners.
What's next for Serve Robotics
Huang isn't the only one to hop on the Serve bandwagon this year. Northland called the stock a top pick for 2026, saying it's "one of the best investments in physical AI," adding that it's solved the problem of the virtual driver.
Analysts expect revenue to jump to $30 million this year, but the biggest question long-term for the stock may be what applications its technology has beyond food delivery, as new uses have the potential to make the stock soar.
Still, Serve is a development-stage business at this point, and investors should understand that it's a high-risk stock.
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Jeremy Bowman has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia, Serve Robotics, and Uber Technologies. The Motley Fool has a disclosure policy.
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