Serve Robotics Inc. (SERV) saw a significant rise in its stock price, closing at $18.49, up 12.68% from the previous close of $16.41. The stock opened at $17.40 and reached an intraday high of $19.75, with trading volume at 14,489,726 shares, significantly above the average. The surge was primarily driven by Northland Securities' upgrade, which raised the price target from $16.00 to $23.00, maintaining an "outperform" rating. This upgrade reflects confidence in SERV's market potential, particularly in its autonomous delivery solutions powered by Nvidia's AI technology. Plans to deploy 2,000 new units in 2025 further bolstered investor optimism. Despite some skepticism on social media about the company's profitability and operational costs, the positive sentiment from the upgrade and SERV's strategic direction in the robotics sector fueled the stock's upward momentum.