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home / news releases / NVDA - Serve Robotics Served Up A Big Nothingburger

NVDA - Serve Robotics Served Up A Big Nothingburger

NVIDIA Corporation

2024-07-20 09:00:00 ET

Summary

  • Serve Robotics stock surged 187.1% after NVIDIA disclosed an ownership stake.
  • NVIDIA acquired shares through a series of transactions, not a recent purchase.
  • Serve Robotics' food delivery robots could have great potential, but financials show significant losses and cash flow issues.
  • Add on top of this the prospect of meaningful shareholder dilution just to get to market, and there are better opportunities that can be had.

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Serve Robotics Served Up A Big Nothingburger
Stock Information
Company Name: NVIDIA Corporation
Stock Symbol: NVDA
Market: NASDAQ
Website: nvidia.com
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