Why Did Serve Robotics Stock Rocket Over 25% Higher This Week?

Core Viewpoint - Serve Robotics anticipates a tenfold increase in revenue by 2026, driven by potential government support for the domestic robotics industry [3][4]. Group 1: Company Performance - Serve Robotics' stock has experienced significant volatility, reaching a high of approximately $23 per share in 2025 and dropping to nearly $5 before recovering to around $13 per share, following a 26.7% increase this week [1]. - The company reported revenue of $1.8 million in 2024 and expects approximately $2.5 million for the current year, with a projection of $25 million in revenue by 2026 [4]. Group 2: Government Support - Reports indicate that the Trump administration is focusing on accelerating robot development and is considering issuing an executive order to support the robotics sector next year [2][3]. - A spokesperson from the Department of Commerce emphasized the commitment to robotics and advanced manufacturing as essential for bringing critical production back to the United States [3]. Group 3: Market Data - Serve Robotics has a current market capitalization of $1 billion, with a day's trading range between $11.55 and $13.26, and a 52-week range from $4.66 to $24.35 [5]. - The stock's gross margin is reported at -48127.88%, indicating significant financial challenges [5].