I remember this now; it came out with this headline – Serve Robotics skyrockets as Nvidia takes stake.
It’s an UBER spin off with robots for food delivery or other consumables, was going nowhere till the Nvidia stake was disclosed, which they bought from an early investment in a convertible primary note. The stake is about 10%. Interestingly, two others have investments as well including 7-11, and Delivery Hero based out of Germany.
Delivery Robots could work for the last mile, there is potential and its similar to drone delivery.
This business will need a lot of cash to stay alive and keep developing robots so another big risk is dilution – they will have to keep coming to the market and issuing shares for funding needs.
Its hugely speculative and risen from $2.50 this year, if one caught it early around 4 a tiny speculative position wouldn’t have been bad, on a bad day this one could easily drop 50%.