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