1/21

Why is Serve Robotics Stock Up Today After Expansion Plans

Serve Robotics (SERV) saw a notable increase in its stock price today, closing at $19.41, up 6.30% from the previous close of $18.26. The stock opened at $18.59 and reached an intraday high of $19.93, indicating strong upward momentum throughout the trading day. The surge in SERV's stock price can be attributed to positive sentiment surrounding its growth potential in the AI and robotics sector. Recent reports highlighted Serve Robotics' ambitious expansion plans, particularly its partnership with Uber Eats to deploy up to 2,000 delivery robots across major metro areas in 2025. This strategic move is expected to significantly boost the company's revenue, which analysts predict could rise to $59.5 million in the coming years. Additionally, Serve Robotics was featured in discussions about emerging AI stocks with high growth potential, further fueling investor interest.