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new robotsThe Motley Fool
•Technology
Technology
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Serve Robotics develops autonomous robots that have already completed thousands of food deliveries on behalf of platforms like Uber's Uber Eats .
Nvidia was one of the largest shareholders in Serve , until the chipmaker sold its entire stake at the end of 2024 .
Serve generated a record $1.8 million in revenue during 2024 , which was a whopping 773% increase compared to 2023 .
Serve Robotics could be in a great position to capture a sizable chunk of its $450 billion addressable market by 2030 .
If that happens, its current stock price might look like a bargain when investors look back on this moment.
However, that doesn't reduce the risk investors are taking by paying such a steep price for Serve Robotics today .
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