SERV - Serve Robotics An Uber Spinoff Is A Promising But Speculative Stock
2024-06-12 06:39:52 ET
Summary
- Serve Robotics challenges traditional last-mile deliveries with AI-powered robots for food delivery.
- Backed by Uber, Nvidia, Delivery Hero, 7-Eleven, and Magna, Serve aims to lower delivery costs and compete in a growing market.
- Despite promising technology and partnerships, Serve remains a speculative stock with potential risks and uncertainties.
Investment thesis
“Why move 2 pound burritos in 2 ton cars?”
That’s both the challenge to existing last-mile deliveries and the promise of a new public company, Serve Robotics Inc. ( SERV ). The quotation comes from the home page of its website .
Spun out from Uber Technologies, Inc. ( UBER ), the firm develops and operates small, AI-powered robots being used in the food delivery business....
Serve Robotics, An Uber Spinoff, Is A Promising But Speculative Stock