24/7 Market News Snapshot 19 February, 2025 – Serve Robotics Inc. Common Stock (NASDAQ:SERV)

February 19, 2025

DENVER, Colo., 19 February, 2025 (247marketnews.com) – (NASDAQ:SERV) are discussed in this article.
Serve Robotics Inc. has experienced notable market performance today, with shares opening at $13.19 and currently trading at $14.05, marking an impressive increase of 18.85% from the previous close of $11.82. The stock has attracted significant trading interest, reflected in a volume of 18.39 million shares, indicating a robust investor response. Analysts attribute this bullish momentum to positive developments surrounding the company’s pioneering robotics and automation solutions, suggesting a favorable outlook for future performance. Investors are advised to monitor key resistance levels near $15.00 and support around the opening price as trading strategies evolve.

In line with its growth trajectory, Serve Robotics has announced the expansion of its autonomous sidewalk delivery services to the Miami metro area. This initiative, in partnership with renowned brands Shake Shack and Mister O1 Extraordinary Pizza, allows customers to receive their meals through Serve’s eco-friendly delivery robots via Uber Eats. The launch will serve the bustling neighborhoods of Brickell and Miami Beach, catering to a clientele that prioritizes convenience and sustainability.

Ali Kashani, CEO and co-founder of Serve Robotics, stated that this rollout signifies a major step in their mission to make autonomous delivery a standard across various markets, enhancing community interactions while focusing on environmental sustainability. Shake Shack’s Chief Growth Officer, Steph So, emphasized that collaborating with Serve aligns with their commitment to enrich customer experiences, while Master Chef Renato Viola of Mister O1 expressed excitement about leveraging technology to improve convenience for their guests.

This Miami launch is part of Serve’s ambitious objective to deploy 2,000 delivery robots across the United States by the end of 2025, positioning the company at the forefront of the evolving delivery sector while supporting local dining establishments.

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