Latest news with #ServeRoboticsInc
Yahoo
11-07-2025
- Business
- Yahoo
Serve Robotics Launches Its Autonomous Delivery Robots in Atlanta
Serve Robotics Inc. (NASDAQ:SERV) is one of the . On June 26, the company unveiled plans to launch its service in Atlanta. Recently, the company has launched autonomous delivery robots across Midtown, Old Fourth Ward, and Downtown Atlanta, bringing premium services to over 50,000 people in the area. The company is refining its business through its ongoing collaboration with Uber Eats, the basis of its successful launches in Los Angeles, Miami, and Dallas-Fort Worth. Serve Robotics Inc. (NASDAQ:SERV) is committed to solidifying its position as a premium delivery service through its mission to deploy 2,000 AI delivery robots across the country by the end of 2025. 'As one of the largest and fastest-growing markets in the Southeast, Atlanta is a strategic next step for our planned nationwide expansion. We are pleased to be one of the first robotics companies to enter the market and bring our friendly approach to robotic delivery,' said Dr. Ali Kashani, CEO and co-founder of Serve Robotics. Serve Robotics Inc. (NASDAQ:SERV) designs and develops low-emission robots with a focus on food delivery in the United States. The company spun off from Uber in 2021 as an independent entity. While we acknowledge the potential of SERV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
13-05-2025
- Business
- Yahoo
Is Serve Robotics (SERV) the Best AI Stock to Buy Under $10?
We recently published a list of . In this article, we are going to take a look at where Serve Robotics Inc. (NASDAQ:SERV) stands against other best AI stocks to buy under $10. Fears of an artificial intelligence bubble bursting appear overblown. That's the sentiment echoed on Wall Street in the aftermath of tech giants delivering better-than-expected quarterly results and reiterating investments in AI infrastructure. Increased investments in AI Infrastructure and other solutions have once again affirmed sentiments in the burgeoning segment that was the catalyst behind US markets powering to record levels last year. At the beginning of the year, investors became worried that the AI surge might collapse in the aftermath of the Chinese company DeepSeek creating a sophisticated large language model that needed less energy and funding. The news from DeepSeek caused a significant change in market sentiment and led to a decline in AI stocks that had experienced substantial increases for most of the year. Fast forward, tech giants signaling they will continue to invest in AI and cloud infrastructure is a tailwind that continues to reiterate sentiments around AI stocks. Companies ramping up investments to address capacity constraints in their cloud unit, as others ramp investments in AI-powered servers and data center assets, are a positive for the overall sector. According to AMD CEO Lisa Su, ordering patterns around everything AI remains strong, signaling people and companies are not making short-term decisions. Initially, there were concerns that companies pursuing opportunities around AI had spent far too much and too quickly to build out infrastructure and would need to go slow. Consequently, tech giants whose valuations had skyrocketed to record highs pulled back significantly as investors remained wary of their long-term outlook amid an uncertain macroeconomic environment that is crumbling amid a ferocious trade war and export controls. Continued investments in AI should be expected as companies look to strengthen their product and services portfolio while also strengthening their competitive edge. There have been concerns that heightened regulations and authorities placing guardrails could derail innovations around artificial intelligence. However, that appears not to be the case. According to Wedbush Securities global head of technology research Dan Ives, 'Innovations around AI are growing at 100 miles per hour while regulatory pressure is only growing at 35 miles an hour'. According to Ives no amount of regulation is going to change the heightened amount of spending around AI. 'The use cases are exploding and no amount of regulation is going to change it' said Ives in an interview with CNBC. Ives added: 'In terms of use cases, US commercial businesses are exploding. Right now we have 85 use cases, a year ago we had 10. I think what we are starting to see is more and more that it is across verticals healthcare financials government and retail among others.' The fact that executives from some of the biggest tech giants have denied they are cutting back spending on servers and data makes the case for why investors should pay attention to some of the AI stocks trading at highly discounted valuations. We sifted through Finviz and financial media reports to compile a list of top AI stocks trading below $10. We then selected the 13 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order based on the number of hedge funds that have stakes in them, as of Q4 2024. The hedge fund data was sourced from Insider Monkey's database, which tracks the moves of over 900 elite money managers. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A medical technician using surgical robotics to perform minimally-invasive urologic surgery in an operating room. Stock Price as of May 12: $7.46 Number of Hedge Fund Holders: 10 Serve Robotics Inc. (NASDAQ:SERV) develops and operates artificial intelligence-powered, low-emission sidewalk delivery robots. It has already partnered with Uber Eats and 7-Eleven to make delivery of food and other items sustainable and economical. In its first quarter of 2025, Serve Robots built and deployed 250 new third-generation robots and remains on course to deploy 2,000 robots by year end. Serve Robotics Inc. (NASDAQ:SERV) is already projecting revenues of between $60 and $80 million once the 2,000-robot fleet reaches target utilization next year. Additionally, it expanded its partnerships to over 1,500 merchants in Q1, further strengthening its revenue base. Consequently, it delivered impressive quarterly results as revenues increased 150% to $440 thousand. Serve Robotics Inc. (NASDAQ:SERV) also hit a new milestone on formalizing efforts to monetize its data and software platform. The company has already inked significant deals with a top-tier European automaker and a middle-mile autonomous trucking company. It has also set out to tap into the robotics and drone delivery markets that are growing at an impressive rate and expected to be worth $450 billion by 2030. While Serve Robotics Inc. (NASDAQ:SERV) is not yet profitable, it remains well-positioned to generate its first profit as the cost of developing artificial intelligence-powered robots drops. Serve Robotics Inc. holds a Moderate Buy rating, backed by two analysts, with a 12-month price target of $17.00. Forecasts range from $11.00 to $23.00, suggesting a 159.15% potential upside from its current $6.56. Overall, SERV ranks 11th on our list of best AI stocks to buy under $10. While we acknowledge the potential of SERV as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SERV but that trades at less than 5 times its earnings check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
30-01-2025
- Business
- Yahoo
Jim Cramer Suggests Getting ‘The King of Robots' Instead of Serve Robotics Inc. (SERV)
We recently compiled a list of the . In this article, we are going to take a look at where Serve Robotics Inc. (NASDAQ:SERV) stands against the other stocks Jim Cramer recently talked about. Jim Cramer, the host of Mad Money, has been considering the uncertainty surrounding 2025 and the ongoing macroeconomic challenges that are sparking important questions. One of the main points Cramer has been grappling with is the direction Washington will take in the coming months. He highlighted that, despite two months of processing the election results, there's still a lack of clarity about what the priorities will be and what Congress might actually pass. Cramer also brought up several important questions about President Donald Trump's stance on various issues. 'Is president-elect Trump serious about large widespread tariffs or is the tough talk just a negotiating tactic? How serious is Trump about mass deportations? Which, if enacted, would likely have an impact on… the labor market.' READ ALSO Jim Cramer Discussed These 12 Stocks Amidst The DeepSeek AI Selloff and Jim Cramer Talked About These 11 Stocks Recently Another major question Cramer raised was about deregulation, how much benefit will companies truly see from it, and how quickly? In terms of corporate taxes, Cramer also noted that the extension of the 2017 Tax Cuts and Jobs Act seems likely, but he questioned whether Trump might push even further, potentially altering the tax landscape in a more significant way. Perhaps one of the most pressing questions Cramer raised concerned the bond market and its tolerance for large U.S. government budget deficits. 'And considering that last question, here's a doozy: Will the bond market continue to tolerate big budget deficits from the US government?' He pointed out that some argue the bond market has already begun to take a more stringent stance on national debt, evident in the rising treasury yields over recent months. Still, Cramer left it at that, suggesting the situation remains uncertain. 'Difficult to answer because as we learned last time, I mean, Donald Trump is not a predictable president, great for cable news ratings, but sometimes frustrating when you're in the business of making predictions. Hmm, maybe a higher cash position than normal could beckon.' Our Methodology For this article, we compiled a list of 9 stocks that were discussed by Jim Cramer during the episodes of Mad Money aired on January 7 and 8. We listed the stocks in ascending order of their hedge fund sentiment as of the third quarter, which was taken from Insider Monkey's database of 900 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). A robotics technician in a clean room programming a CNC series product. Number of Hedge Fund Holders: 5 A caller asked Cramer about Serve Robotics Inc. (NASDAQ:SERV) but Cramer was quick to suggest Nvidia, calling the company 'the king of robots'. 'Yeah. Okay, now this is one of these, look, we are going to revert to what, if you want robotics, here's what you're going to get from me. You're gonna get Nvidia because they're the king of robots. That's it. Nobody else.' Serve Robotics (NASDAQ:SERV) designs, creates, and operates low-emission robots that deliver food to people in public spaces across the United States, focusing on self-driving delivery robots. Over the past 12 months, the stock has seen a decline of over 35%. Meanwhile, NVDA stock is up more than 98% over the same period. Overall SERV ranks 9th on our list of the stocks Jim Cramer recently talked about. While we acknowledge the potential of SERV as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than SERV but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap. Disclosure: None. This article was originally published at Insider Monkey.
