2024-08-02 02:56:03 ET
Summary
- Serve Robotics Inc. stock surged after NVIDIA announced a small investment stake.
- Richtech Robotics Inc. benefits from being a sympathy play, with superior revenue and operating profit numbers compared to SERV.
- RR has been keeping its dilution under control, and has good enough operations and cash balance to not have to dilute to the level SERV has done since listing.
- I predict that cleaning robots will be the next big trend in AI, with a much larger market size than delivery bots.
- Investors need to keep an eye on to what "boring" companies like Bunzl are doing because commercial cleaning supply companies will ultimately drive the demand for cleaning robots.
Serve Robotics Inc. ( SERV ) is a developer of self-driving delivery robots. The stock has been on fire recently, with the announcement on July 19th of NVIDIA Corporation ( NVDA ) having taken a small investment stake being the prime catalyst for this two week run. Richtech Robotics Inc. ( RR ) has been the beneficiary of some sympathy play run-off, with the stock price increasing from $1.13 to $1.49 over the last week. In addition to developing delivery robots, RR also has worker and cleaning robots in its arsenal....
Read the full article on Seeking Alpha
For further details see:
Richtech Robotics: The Serve Robotics Sympathy Play With Superior Financials
