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Investment thesis
“Why move 2 pound burritos in 2 ton cars?”
That’s both the challenge to existing last-mile deliveries and the promise of a new public company, Serve Robotics Inc. (NASDAQ:SERV). The quotation comes
Serve Robotics, An Uber Spinoff, Is A Promising But Speculative Stock
Summary
- Serve Robotics challenges traditional last-mile deliveries with AI-powered robots for food delivery.
- Backed by Uber, Nvidia, Delivery Hero, 7-Eleven, and Magna, Serve aims to lower delivery costs and compete in a growing market.
- Despite promising technology and partnerships, Serve remains a speculative stock with potential risks and uncertainties.
Robert F. Abbott has been investing his family’s accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks. He is a freelance writer, and his projects include a website that provides information for new and intermediate-level mutual fund investors. A resident of Airdrie, Alberta, Canada, Robert has earned Bachelor of Arts and Master of Business Administration (MBA) degrees.
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