Serve Robotics Inc. (SERV) stock surged 5.08% in intraday trading on Monday, reflecting the growing investor enthusiasm for companies in the robotics and artificial intelligence (AI) space.
The rally in SERV shares appears to be driven by the company's role in pioneering AI-powered, low-emissions sidewalk delivery robots that are disrupting the traditional food delivery industry. Serve Robotics, which was spun off from Uber in 2021, has already completed tens of thousands of deliveries for partners like Uber Eats and 7-Eleven.
Analysts are bullish on the company's prospects, with estimates suggesting earnings growth of 51.35% for the upcoming quarter and 38.01% for the full year 2025. As the integration of AI and robotics continues to transform various industries, companies like Serve Robotics are expected to play a pivotal role in driving innovation and efficiency.
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