Shares of Serve Robotics Inc. (SERV) surged 5.12% in pre-market trading on Wednesday, as the robotics company benefited from a broader rally in technology and robotics-related stocks driven by improved market sentiment.
The premarket gain for SERV comes amid a wave of optimism across the drone, robotics, and quantum computing sectors. Drone maker SES AI Corp rose 9% in pre-market trading, while robotics firms like Richtech Robotics and Nauticus Robotics saw gains of 7% and 5% respectively. Quantum computing stocks such as Quantum Corp and D-Wave Quantum Inc. also soared, with the former rising 17% and the latter climbing 9%.
While there was no specific company news or catalyst driving Serve Robotics' pre-market surge, the stock appeared to be riding the coattails of a more favorable market environment for technology stocks. Investors were encouraged by softer-than-expected producer inflation data, which eased concerns over the Federal Reserve's monetary policy path and added to hopes for a potential economic rebound.
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