Streetbeat News

SERV

Serve Robotics Inc.

https://www.serverobotics.com

Industry

Industrial - Machinery

Serve Robotics Inc. designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States. It builds self-driving delivery robots. The company was formerly known as Patricia Acquisition Corp. and changed its name to Serve Robotics Inc. in July 2023. Serve Robotics Inc. was founded in 2017 and is based in Redwood City, California.

Open

7.32

Mkt cap

436M

Volume

6.2M

High

7.73

P/E Ratio

-7.16

52-wk high

24.35

Low

7.29

Div yield

N/A

52-wk low

1.77

IQVIA Holdings Inc. (NYSE:IQV) posted strong Q2 earnings, raising its 2024 guidance, leading to a 7.4% stock surge. Other notable gainers include Tellurian Inc. (NASDAQ:TELL) up 64.5% on acquisition news, Serve Robotics Inc. (NASDAQ:SERV) up 46.6% after Nvidia disclosed a stake, and Cassava Sciences, Inc. (NASDAQ:SAVA) up 27.2% on positive Phase 3 trial updates.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 3:29 pm

U.S. stocks traded higher with the Nasdaq Composite gaining over 1%. The Chicago Fed National Activity index fell to 0.05 for June, better than expected. MIRA Pharmaceuticals, Tellurian, and Serve Robotics saw significant stock price increases, while Exicure, SunPower, and PS International Group experienced declines.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 1:44 pm

Serve Robotics Inc (NASDAQ:SERV) shares are trading higher due to continued momentum after Nvidia Corp (NASDAQ:NVDA) disclosed a 10% stake in the company. Nvidia converted a promissory note into shares, leading to a significant price increase for SERV. The stock is also gaining attention from retail traders.

Portfolio Pulse from Adam Eckert

July 22, 2024 | 1:27 pm

Serve Robotics shares are trading higher after Nvidia disclosed a stake in the company last week.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 11:12 am

Shares of Tellurian Inc. (NASDAQ:TELL) surged 65% in pre-market trading after Woodside Energy announced plans to acquire the company for $900 million in an all-cash deal. Other notable pre-market movers include Netcapital Inc. (NASDAQ:NCPL), Serve Robotics Inc. (NASDAQ:SERV), and Ryanair Holdings plc (NASDAQ:RYAAY).

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 9:24 am

Selective Insurance Group (NASDAQ:SIGI) shares fell 14.8% after reporting weak quarterly results, missing both earnings and sales estimates. Other notable stock movements include Augmedix (NASDAQ:AUGX) surging 148.8% on acquisition news, and SunPower Corporation (NASDAQ:SPWR) dropping 45.8% following an operational pause and analyst downgrade.

Portfolio Pulse from Avi Kapoor

July 19, 2024 | 5:24 pm

Serve Robotics Inc. (NASDAQ:SERV) shares surged after NVIDIA Corp (NASDAQ:NVDA) disclosed a 10% stake in the company. Nvidia increased its stake by approximately 1 million shares, bringing its total holdings to about 3.7 million shares. Serve Robotics, backed by Uber Technologies Inc. (NYSE:UBER) and Nvidia, focuses on AI-robotics for last-mile delivery. The stock saw heavy trading volume, with shares up 52% at $4.

Portfolio Pulse from Erica Kollmann

July 19, 2024 | 2:03 pm

Market-Moving News for July 19th: CrowdStrike (CRWD) shares plummet by 21% due to a major outage affecting global businesses. Hawaiian Electric Industries (HE) shares rise by 50% following a settlement plan over the Maui wildfires. Nvidia disclosed a stake in ServiceNow (SERV), purchasing 62,500 shares at an average price of $4 per share, leading to a 92% increase in SERV's stock price.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 12:22 pm

Serve Robotics shares are trading higher after Nvidia disclosed a stake in the company through a Form4 filing.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 11:43 am

Nvidia disclosed a stake of 62,500 shares at an average price of $4 per share.

Portfolio Pulse from charles@benzinga.com

July 19, 2024 | 11:02 am

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