Serve Robotics Inc is a company that specializes in the development and deployment of autonomous delivery robots
These robots are designed to navigate urban environments, providing efficient and contactless delivery services for food, groceries, and other goods. With a focus on leveraging advanced robotics and artificial intelligence technologies, Serve Robotics aims to enhance last-mile delivery solutions, making them faster, more environmentally sustainable, and accessible to a wider population. Through partnerships with various retailers and delivery platforms, the company strives to revolutionize how products are delivered to customers, all while ensuring safety and convenience in the process.
All three major indices were red in Friday’s midday trading, with the S&P 500 and Nasdaq 100 down 1% and 1.24%, respectively, and on track for their worst weeks since September 2024.
Serve Robotics shares dip following a revenue miss for Q4, despite a 67% increase in robots performing deliveries. The company posted a larger-than-expected operating loss of $13.6 million.
The regular session of the US market on Thursday is now over, but let's get a preview of the after-hours session and explore the top gainers and losers driving the post-market movements.
All three major indices remain in the red midday Thursday, after trimming earlier losses which saw the Dow Jones down more than 600 points at session lows. The major averages lost more than 2% this week as U.S.
