Market Overview - The Dow Jones Industrial Average increased by approximately 0.7% to 48,254.82, while the S&P 500 rose slightly by 0.06% to 6,850.92. The Nasdaq, however, declined by roughly 0.3% to close at 23,406.45 [1] Cisco Systems Inc. - Cisco Systems reported first-quarter fiscal 2026 earnings with revenue of $14.88 billion, exceeding analyst expectations of $14.77 billion. Adjusted earnings were $1.00 per share, surpassing forecasts of 98 cents. CEO Chuck Robbins highlighted the strong demand for secure networking technologies as customers leverage AI [2] Firefly Aerospace Inc. - Firefly Aerospace's stock dropped 4.29% to close at $18.31, but rose over 18.5% to $21.70 in extended trading. The company reported third-quarter revenue of $30.78 million, up 38% year-over-year, beating estimates of $27.71 million. It also posted a smaller-than-expected adjusted loss of 33 cents per share and raised its 2025 revenue outlook to $150–$158 million [3][4] Pan American Silver Corp. - Pan American Silver's stock rose by 2.08% to close at $38.37, with a record third-quarter revenue of $884.4 million and free cash flow of $251.7 million. Net earnings were $169.2 million, or $0.45 per share, with adjusted earnings of $181 million. The company increased its quarterly dividend to $0.14 per share [5][6] Serve Robotics Inc. - Serve Robotics experienced a 1.36% increase, closing at $10.47, but saw a decline of 2.7% to $10.19 in after-hours trading. The company reported quarterly losses of 24 cents per share, better than the expected losses of 33 cents, with revenue of $687,000, which missed estimates [7][8] Circle Internet Group Inc. - Circle Internet Group's stock fell by 12.21% to close at $86.30, despite a 202% profit surge in the third quarter. The company posted net income of $214 million, with total revenue and reserve income rising 66% to $740 million. USDC in circulation reached $73.7 billion, a rise of 108% annually [9][10]

Core Insights - Serve Robotics, a pioneer in delivery robotics, has received backing from major companies like Nvidia and Uber, but it generated only $1.8 million in revenue last year with 57 daily active robots as it heads into 2025 [3][4]. Company Background - Serve Robotics has an interesting origin story and elite backers, which may help it scale quickly despite its current low revenue [4]. - Uber acquired Postmates for $2.65 billion, which included Serve Robotics as a side project, but later spun it off in 2021, retaining a 12% stake [5][6]. Investment Details - Nvidia invested $12 million in Serve Robotics in 2022 for an 8% stake, focusing on integrating its AI tools into Serve's delivery machines, but cashed out its position in the fourth quarter of last year [7][8]. - Uber continues to hold a 12% stake and has made the largest order for Serve Robotics, indicating ongoing interest in the company's potential [9].