Core Insights - Serve Robotics Inc. has launched its autonomous sidewalk delivery service in the Chicago metropolitan area, marking its first expansion into the U.S. Midwest [1] - The service will operate in 14 neighborhoods in Chicago, providing contact-free deliveries from over 100 restaurants to hundreds of thousands of households [2][3] - The company aims to deploy 2,000 AI-powered delivery robots across the U.S. by the end of 2025, with Chicago being a strategic location due to its pedestrian infrastructure and diverse dining options [4] Financial Performance - In Q2, Serve Robotics reported a loss of $0.24 per share, which was wider than the analyst consensus estimate of a $0.21 loss, missing expectations by approximately 12.7% [5] - Quarterly revenue increased by 37.1% year-over-year to $642,000, surpassing estimates of $624,800 [5] - The company projects an annualized revenue run-rate of $60 million to $80 million once its 2,000-robot fleet is fully deployed, with expectations for target utilization in 2026 [6]

Core Insights - Serve Robotics Inc. has launched its autonomous sidewalk delivery service in the Chicago metro area, marking its first expansion into the Midwest [1][3] - The service will operate across 14 neighborhoods in Chicago, providing contact-free delivery from over 100 restaurants to hundreds of thousands of households [3][4] - The company aims to deploy 2,000 AI-powered delivery robots across the U.S. by the end of 2025 [5] Company Overview - Serve Robotics develops AI-powered, low-emissions sidewalk delivery robots, focusing on sustainable and economical delivery solutions [7] - The company was spun off from Uber in 2021 and has completed tens of thousands of deliveries for partners like Uber Eats and 7-Eleven [7] - Serve has multi-year contracts, including a signed agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets [7]

Core Insights - Serve Robotics Inc. has launched its autonomous sidewalk delivery service in the Chicago metro area, marking its first expansion into the Midwest [1][5] - The service will operate across 14 neighborhoods in Chicago, providing contact-free delivery from over 100 restaurants to hundreds of thousands of households [3][4] Company Overview - Serve Robotics develops AI-powered, low-emissions sidewalk delivery robots aimed at making delivery sustainable and economical [7] - The company was spun off from Uber in 2021 and has completed tens of thousands of deliveries for partners like Uber Eats and 7-Eleven [7] - Serve has contracts to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets by the end of 2025 [5][7] Strategic Partnerships - The ongoing collaboration with Uber Eats is central to Serve's expansion strategy, enhancing the customer delivery experience [4] - The partnership aims to redefine delivery convenience by integrating autonomous delivery into more neighborhoods [4]

Core Viewpoint - Serve Robotics' stock has declined following Nvidia's divestment, but the company has significant long-term growth potential in the autonomous last-mile logistics market, projected to reach $450 billion by 2030 [1][3][4]. Company Overview - Nvidia invested $12 million in Serve Robotics between 2022 and 2024, which helped raise its profile on Wall Street [3]. - Serve Robotics develops autonomous delivery solutions, utilizing robots that have achieved Level 4 autonomy, allowing them to operate without human intervention [5]. Market Opportunity - The last-mile logistics sector is viewed as inefficient, with Serve Robotics aiming to capitalize on this by replacing human-driven deliveries with autonomous robots and drones [4]. - The company has a partnership with Uber Eats, deploying 2,000 Gen3 robots across several major cities, including Los Angeles and Miami [7]. Financial Performance - Serve Robotics reported only $642,000 in revenue for Q2 2025, which is low for a company valued at approximately $800 million [8]. - Analysts project Serve's revenue to increase to $3.6 million in 2025, a 99% increase from 2024, with potential to reach $80 million once all robots are operational [9]. Profitability and Cash Position - The company incurred a net loss of $39.2 million in 2024 and burned $33.7 million in the first half of 2025 [10]. - Serve had $183 million in cash at the end of Q2 2025, providing a runway for the next couple of years, but may need additional funding if profitability is not achieved [11]. Valuation Metrics - Serve Robotics has a high price-to-sales (P/S) ratio of 429, significantly higher than Nvidia's P/S ratio of 26 [12]. - If the company achieves its revenue target of $80 million, its forward P/S ratio would drop to around 10, which could be considered attractive [14]. Growth Potential - The addressable market for Serve Robotics is projected to grow to $450 billion by 2030, indicating substantial growth opportunities [15]. - However, the reliability of corporate guidance is uncertain, suggesting that investors may want to wait for evidence of successful scaling of the Gen3 robots before making investment decisions [16].

Group 1 - Nvidia's multi-billion dollar investment in OpenAI has increased visibility for AI-based companies, benefiting BigBear.ai Holdings and SoundHound AI Inc, while Serve Robotics is experiencing a decline [1] - BigBear.ai Holdings (BBAI) has seen its stock rise 11.7% to $7.90, reaching a three-month high of $8.48, and has surged 55.8% in September, with a year-over-year increase of 407.4% [2] - SoundHound AI Inc (SOUN) is also performing well, with a 3.2% increase to $17.87, marking its seventh consecutive daily gain and a 265% increase over the past year [3] Group 2 - Serve Robotics (SERV) is down 4.4% to $13.14, entering negative territory for 2025, although it has seen gains over the past year and benefits from positive movements in rival companies [4] - Short interest has increased for BBAI (6.9%), SERV (9.2%), and SOUN (2.5%), with current short interest representing 19.9% of BBAI's float, 24.1% of SERV's, and 32.5% of SOUN's [4]

Company Overview - BigBear.ai is a tech firm utilizing AI and machine learning technologies to provide decision intelligence solutions for both public and private sectors, focusing on predictive analytics to enhance decision-making processes [2][3] - The company has established a strong presence in the defense sector, intelligence community, and commercial businesses, offering services that support critical operations such as global supply chain optimization and cybersecurity [1][2] Recent Developments - BigBear.ai has secured several significant contracts, including a collaboration with Hardy Dynamics for the US Army's Project Linchpin, aimed at integrating AI into future combat capabilities [8] - The company has deployed its biometric software at multiple US Ports of Entry, enhancing passenger processing at major international airports [8] - In August, BigBear.ai partnered with Narval Holding to develop cargo security management solutions in Panama, and recently announced the deployment of its Enhanced Passenger Processing at Nashville International Airport [9][10] Financial Insights - BlackRock has invested heavily in BigBear.ai, acquiring 12,107,360 shares valued at approximately $83 million during the second quarter of this year [10] - Analyst Scott Buck from H.C. Wainwright has a positive outlook on BigBear.ai, citing potential benefits from increased investment in areas aligned with the company's competencies, particularly with $170 billion allocated to the Department of Homeland Security [12] - Buck has reiterated a Buy rating on the stock with a price target of $8, suggesting a potential upside of 17% [12] Market Context - The tech sector, particularly AI, is driving significant equity performance, accounting for over 40% of total returns and earnings growth in the US market [4] - The Federal Reserve's recent rate cuts are expected to favor growth-oriented sectors, with tech being a primary beneficiary [6] Competitive Landscape - Serve Robotics, another company highlighted, focuses on developing autonomous delivery robots and has established partnerships with major companies like Uber Eats [13][14] - Serve Robotics has shown rapid revenue growth, with a 150% increase in Q1 revenues compared to the previous quarter, and aims to expand its fleet significantly by the end of the year [16][15]

Group 1 - Serve Robotics Inc. announced the acquisition of Phantom Auto Inc. and its subsidiary Voysys AB for approximately $5.75 million, enhancing its technology stack for autonomous delivery robots [1][3] - Voysys AB, founded in 2014 and headquartered in Norrköping, Sweden, specializes in ultra-low latency video streaming and teleoperation technology, connecting to autonomous vehicles and robots over various networks [2][3] - Voysys' technology achieves a glass-to-glass latency as low as 50 milliseconds and includes features for customizing user experiences with 3D and AR rendering [3] Group 2 - Serve Robotics designs and operates low-emission robots for food delivery in public spaces across the US [4]

Welcome back to Market on Close. I'm Marley Caden here in our Chicago headquarters. Shares of Serve Robotics are on the move higher today, up about 7 and a half% right now and have gained 12% in September so far.The move higher comes after the company's integrated Voices technology into its autonomy platform offering. Joining me now to discuss what this means for the company and more is Ali Kashani, the CEO and co-founder of Serve Robotics. Ali, thanks for being with us today.you know, first could you just ...

Group 1 - Serve Robotics (NASDAQ: SERV) shares have increased for two consecutive days, driven by general enthusiasm for emerging technology stocks, particularly in robotics [1][2][7] - The stock rose 9.3% today after a 6.8% gain yesterday, while Tesla's stock also saw a 5.4% increase, indicating a correlation between the two [3] - Tesla CEO Elon Musk's comments about the future value of Tesla's Optimus autonomous robot have sparked investor interest in robotics, benefiting Serve Robotics despite no direct relationship with Tesla [5][6] Group 2 - Serve Robotics reported revenue of $642,000 in the latest quarter, a 37% increase year-over-year, but its net loss more than doubled to $20.9 million [6] - With a market capitalization of less than $1 billion, there is potential for Serve Robotics to rise further if investor enthusiasm continues, although the fundamental case for the stock remains weak [6][7]

Core Insights - Serve Robotics Inc. has acquired the assets of Phantom Auto Inc. and its subsidiary Voysys AB for approximately $5.75 million, enhancing its technology stack for autonomous delivery robots [1] - The acquisition aims to improve connection quality and latency, which will reduce data infrastructure costs and enhance operational metrics [3] Company Overview - Serve Robotics is a leading autonomous sidewalk delivery company, spun off from Uber in 2021, and has completed tens of thousands of deliveries for partners like Uber Eats and 7-Eleven [11] - Voysys, founded in 2014, specializes in ultra-low latency video streaming and teleoperation technology, achieving a glass-to-glass latency as low as 50 milliseconds [2][8] Strategic Importance - The integration of Voysys technology is expected to be critical for safe operations in dense urban environments, reinforcing Serve's leadership in autonomous delivery [3][6] - Voysys will continue to operate as a standalone entity while expanding its existing contracts with global clients, thereby strengthening the ecosystem for autonomous vehicles and robotics [4][10] Future Growth - The acquisition aligns with Serve's strategy to invest in mission-critical capabilities, positioning the company at the forefront of the autonomous delivery and embodied AI industries [6] - Serve plans to monetize Voysys' proprietary technologies through its Software & Data Services platform, focusing on generating recurring revenues [5]