Serve Robotics Inc. (SERV) stock surged 6.34% in the 24-hour period on Monday, as the Nvidia-backed robotics company benefited from the broader market hype surrounding AI and quantum computing.
While no specific news was found directly linking to SERV's stock movement, the company's association with AI leader Nvidia appears to have fueled investor enthusiasm. As the AI sector witnessed a rally, with quantum computing stocks like Quantum Corp (QMCO) soaring 11%, the excitement spilled over to SERV shares.
Serve Robotics, which develops autonomous robots for commercial applications, is positioning itself to capitalize on the expanding AI market. As investors anticipate growing demand for AI-powered robotics solutions, SERV's Nvidia backing and focus on cutting-edge technologies likely contributed to the stock's upward momentum.
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