1 week ago

Serve Robotics Tumbles After Nvidia Exit Shakes Investor Confidence

Autonomous delivery provider Serve Robotics (NASDAQ:SERV) stock plunged after a Friday regulatory filing disclosed Nvidia Corp (NASDAQ:NVDA) held no stake in the company.

A July 18, 2024 filing disclosed that Nvidia held 3.73 million shares in the robotics company, implying a 10% stake.

Serve Robotics has developed an AI-robotics mobility platform, with last-mile delivery in cities as its first application that serves people in ...