Yahoo Financeยท2025-10-09 14:48Core Insights - Serve Robotics shares surged 24.5% following a surprise partnership announcement with DoorDash [1] - The partnership is a multi-year strategic agreement to roll out autonomous robot deliveries across the U.S. [4] - Serve Robotics aims to increase its delivery robot fleet from over 1,000 to 2,000 by year-end [4] Company Background - Serve Robotics originated as a Postmates project and was acquired by Uber in 2020, later spun off in 2021 [3] - The partnership with DoorDash marks a significant collaboration with a major competitor of Uber [3] Financial Performance - Serve Robotics reported a loss of $39 million last year and is projected to lose approximately $68 million by the end of this year [6] - Revenue for Serve Robotics was less than $2 million in 2024, with expectations to double to nearly $4 million this year, which is insufficient to offset losses [6] Market Position - Despite the partnership with DoorDash, Serve Robotics remains a speculative stock with momentum-driven characteristics [6] - The company has not been included in a list of top stock recommendations by analysts, indicating potential caution for investors [7]