Shares of Serve Robotics Inc. (SERV) surged 5.53% in pre-market trading on Wednesday, following bullish comments from Nvidia CEO Jensen Huang on the future growth potential of robotics and artificial intelligence (AI).
At the Consumer Electronics Show (CES) 2025 in Las Vegas, Huang painted an optimistic picture for the adoption of robotics and AI technologies, predicting that the market for general robotics could reach $38 billion in the coming decades. He highlighted Nvidia's vision of a future populated by millions of humanoid robots, autonomous vehicles, and automated factories driven by AI.
Investors appear to be positioning for further rallies in robotics stocks like Serve Robotics, as the AI surge and Nvidia's leadership in the space fuel expectations of robust growth opportunities. Robotics companies are seen as potential beneficiaries of the increasing demand for advanced AI solutions across various industries.
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