Serve Robotics Stock Surges Again: Second Consecutive Day of Explosive Gains
Serve Robotics shares are defying gravity—again. For the second straight day, the stock is ripping higher, leaving traders scrambling and skeptics scratching their heads.
What's Driving the Frenzy?
Momentum begets momentum in markets that often feel more like casinos. When retail and algo-traders smell a runner, they pile in—fundamentals be damned. It’s the kind of move that makes old-school analysts reach for the antacid.
Robotics, Automation, and the Hype Cycle
Every bull market needs its narrative. This one’s got bots—delivery bots, logistics bots, bots that might one day bring you coffee. Whether they actually turn a profit remains tomorrow’s problem.
A Note to the Wise
Remember: what goes up fast often comes down faster. Especially when the only thing propping it up is vibes and a few well-timed tweets. But hey—if you didn’t buy the top, did you even invest?
Image source: Serve Robotics.
What's happening with robotics
Earlier this month, Tesla CEO Elon Musk posted on X that "80% of Tesla's value will be Optimus," referring to the company's autonomous robot, which is still in development.
That enthusiasm and prediction could be enough to send some investors flocking to Serve Robotics, even though it doesn't have a relationship with Tesla.
However, any interest in robotics is likely to benefit the company, which works closely withEats to deliver food from a range of restaurants.
What's next for Serve Robotics
Serve Robotics is still essentially a development-stage business with revenue in its latest quarter of $642,000. That was up 37% from the quarter a year ago, but its net loss also more than doubled to $20.9 million.
With a market cap of less than $1 billion, there's plenty of room for Serve to MOVE higher if investor enthusiasm pushes it that way, but the fundamental case for the stock is still thin at this point.