Uber Is Backing This Artificial Intelligence (AI) Stock That Soared 67% Over the Past Year. Should You?

Serve Robotics (NASDAQ: SERV) develops autonomous last-mile logistics solutions. It has a major deal with Uber Technologies (NYSE: UBER) that will see thousands of its latest robots deployed into the Uber Eats food delivery network. But this is more than just a commercial partnership, because Uber is also one of Serve's largest shareholders. Uber acquired a company called Postmates in 2020, and in 2021, it spun Postmates' robotics division out into a new company that became Serve Robotics. Serve is still relatively small with a market capitalization of just $890 million, but at the time of this writing, its stock has soared by 67% over the past year alone.Serve has identified an enormous addressable market for its delivery robots, so should investors join Uber and buy the stock?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool