Nvidia-Backed Serve Robotics Rises on Deal to Deliver Shake Shack Via Uber Eats

Key Takeaways Shares of Serve Robotics surged Wednesday after announcing a partnership to deliver Shake Shack orders through Uber Eats to customers in Los Angeles. Serve's stock received a massive boost last month on news that Nvidia had invested in the company and held a roughly 10% stake. In its second-quarter earnings report Tuesday, Serve said it was on track to deploy 250 new robots through the first quarter of next year, progressing toward its 2000-robot agreement with Uber Eats. Serve Robotics (SERV) ...