Should You Buy Serve Robotics Stock After Its 65% Plunge? Nvidia's Recent Move Might Hold the Answer.
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Serve Robotics (NASDAQ: SERV) develops autonomous robots that have already completed thousands of food deliveries on behalf of platforms like Uber's Uber Eats. In fact, the company has a contract with Uber to deploy thousands of new robots by the end of 2025, which will pave the way for an expansion into new geographic markets.Serve's robots are powered by Nvidia's (NASDAQ: NVDA) Jetson Orin platform, which provides the hardware and software required to run advanced robotics and computer vision. Nvidia was also one of the largest shareholders in Serve, until the chipmaker sold its entire stake at the end of 2024. Serve stock has plunged by 65% since mid-February, which is when investors learned of Nvidia's exit. Should investors treat this as a buying opportunity, or should they sit alongside Nvidia on the sidelines?Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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