Serve Robotics continues surge after Nvidia reveals 10% stake

Serve Robotics

22/07/2024 11:39

** Serve Robotics'  SERV.O  shares soar ~66% premarket to
$12.50 on strong volume in wake of chip giant Nvidia's  NVDA.O 
investment disclosure
    ** Nearly 11 mln SERV shares have traded by 6:30 am ET,
making them the most active across U.S. exchanges
    ** SERV shares more than tripled on heavy volumes on Fri
before ending session up ~187% at $7.55 after NVDA revealed 10%
stake in the automatic sidewalk delivery firm
    ** Co has ~37.1 mln shares outstanding and ~24.4 mln shares
of public float, per LSEG data
    ** Ride-hailing co Uber Technologies  UBER.N , also a
strategic partner, owns ~14% stake in the co
    ** SERV is the top trending ticker on retail trader forum
and social media platform Stocktwits on Mon

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))