Kanpur Wealth Management：700%+in two weeks, why is this AI company sought after by the market？
On July 19, Serve Robotics (NASDAQ: SERV) disclosed that AI chip giant Nvidia held the company’s share ratio to 10%.Affected by this news, Serve Robotics rose 187.07%on the day, and in the following two weeks, the stock price increased by more than 700%. In March of this year, Serve Robotics was still a small company in the OTC market.Get the favor of the capital market?
Who is Serve Robotics?Serve Robotics was founded in 2017 and is headquartered in Silicon Valley. It is committed to developing artificial intelligence -driven low -emission mobile robots to achieve "last mile" delivery in the city.Serve Robotics was originally affiliated to the food distribution company Postmates, which was acquired by the online car giant Uber (NYSE: Uber) in 2020.In 2021, Uber stripped Serve and operated independently, but Serve still maintains a cooperative relationship with Uber. Uber Eats platform plans to deploy up to 2,000 robots by Serve Robotics.In 2017, Serve Robotics began to develop a low-emission meal delivery robot. During the COVID-19 period in 2020, Serve launched the delivery robot for the first time in Los Angeles. As of the end of that year, the Serve robot had successfully completed more than 10,000 commercials for Postmates for Postmates.Delivery task.At the end of 2023, Serve’s team consisted of more than 100 robots, and completed a platform-level integration with Ubereats and 7-Eleven, and also piloted cooperation with Wal-Mart.Since 2022, Serve Robotics has achieved more than 50,000 distribution services in the Los Angeles market, and the distribution rate is as high as 99.94%. It is planned to deploy 2,000 robots by 2025 and expand to new markets such as San Diego, Dallas and Vancouver.Behind the achievement is the leading technology of Serve Robotics. The company has taken the lead in pushing the level 4 autonomous delivery robot to the market and established a long -term cooperative relationship with Nvidia.Smart navigation and other services.The company is equipped with 40 kilometers of robotics with 4 wheels, and can carry products with a weight of 23 kilograms. It can be responsible for dozens of orders for distribution every day. After the robot is delivered to the designated place, the customer needs to enter the passwordCome to ensure the delivery of customers’ food safety.On the production side, the company’s designated car supplier NYSE: MGA is the only contract manufacturer, making robots efficiency, safety and economics.Serve Robotics’s shareholder lineup is very luxurious. According to its May this year’s meeting, well-known companies such as Uber, Nvidia, 7-11 Convenience Store, German takeaway platform Delivery Hero are all shareholders of the company.It is not only the company’s largest single shareholder (close to 14%of the shareholding), but also the largest customer of the company.However, in terms of finance, the performance of Serve Robotics was not outstanding. In the first quarter of this year, the company’s revenue was $ 946,700, but its net loss was 9 million US dollars. Throughout 2023, the company’s revenue was US $ 207,500, with a net loss of 24.8 million US dollars.Although this year’s IPO has made funds supplement, as Serve Robotics plans to expand operations, the scale of subsequent burns will increase significantly. After the recent stock price has skyrocketed, the company once again announced its financing of $ 15 million.
As a capital -intensive industry, the road of ups and downs is a capital -intensive industry. Although there are luxury shareholders such as Uber and Nvidia, financing is always an important task for the development of Serve Robotics.On August 10, 2023, Serve Robotics announced that it merged with Spacia Acquisition Corp to complete a $ 30 million financing, but did not disclose it in the marketKanpur Wealth Management. On March 7, 2024, Serve Robotics was listed in the OTC market. The stock code was "SBOT "became a company’s public market transaction; on April 18, 2024, Serve Robotics announced that it was listed from the OTC market to the Nasdaq Exchange and issued 10 million shares at a price of $ 4. IPOThe fundraising amount reaches $ 40 million.However, after listing, Serve Robotics has a poor market performance. Before the rise, the stock price fell 34.25%from the IPO price.
Why did the stock price soar over 700%in two weeks?Disclosure of Nvidia’s shareholding information.On July 18, Serve Robotics disclosed that Ying Weida currently holds the company’s 37.27 million shares, accounting for 10%of the company’s shares.At first glance, it seems to be the recently purchased by Nvidia, and the actual situation is more complicated.In fact, this is not Nvidia’s first investment in Serve Robotics.As early as 2022, Nvidia invested $ 10 million in Serve Robotics, and in July 2023, it purchased 62,500 company shares at a price of $ 4 per share.The "increase holdings" information disclosed this time is from the company issued convertible bonds to Nvidia in January this year. The convertible bonds converted to 1.05 million stocks at a price of $ 2.42 on April 22,The cumulative investment in the past, which constituted 3.727 million shares disclosed in the regulatory documents, and eventually triggered a sharp rise in the company’s stock price.The potential of the robot distribution market is huge.The company’s management estimates that by 2030, the annual revenue of robotics and drone delivery markets may reach US $ 450 billion. At the same time, the average cost of the last mile delivery of robots can be reduced to $ 1, which is also a high delivery high.Efficiency and low cost can effectively meet the demand for surging "last miles".The result of funds stuffed.While Serve Robotics rose 700%+, the Nasdaq index fell nearly 5%, while Nvidia, holding the company’s shares, fell more than 7%.When the market has fallen and the trend of large technology stocks is not good, small -cap stocks with so -called good news and imagination space often become the object of American stock funds. Serve Robotics is in line with this feature.
What do you think of the follow -up trend? Serve Robotics is not Nvidia’s first listed company. In February this year, Nvidia disclosed the holding of many listed companies, and the invested company has a good performance: Soundhound AI (NASDAQ: Soun )’s stock priceWithin one month after disclosure, it rose from $ 2.25 to $ 10.25, an increase of 355.56%; ARM Holdings (NASDAQ: ARM) rose from $ 77.01 to $ 148.97 in three days, nearly doubled; Nano-XImaging (NASDAQ: NNOX )’s stock price rose 49.37%on the day and rose 36.32%the next day; the stock price of the recursion (NASDAQ: RXRX) rose from $ 10.92 to $ 15.74 within a week;The stock price increased by Nvidia was different, but the same is that the stock price of each company has fell sharply by more than 50%within one month after rising.In the past, the stock price of Serve Robotics was likely to copy the trend of previous relevant concept stocks.
Cover map source: 123RF
Copyright statement/free statement
This article is an authorized reprint article.
This article is only the purpose of information exchange, and does not provide any proposal for commercial, medical, and investment.
In the text, the materials such as pictures, videos, fonts, music, etc. or authorized authentic works for the era of medicine, or from the WeChat public picture library, or from the company’s official website/network, some materials are used according to the CC0 protocol, the copyright is owned by the owner.Specifies the source.
If you have any questions, please contact us.
Official website of the medicine era:
WeChat: 27674131
A long -acting hormone therapy was approved to replace the thyroid gland functional decreased drugs that replaced Takeda’s delisting
Why don’t you remember you? Do you still need to return to the overall view of the overall view!
The down payment is $ 700 million!Domestic Double Anti -Out of Haimisha East
Click here to find value informationJaipur Stock!
Udabur Investment