Richtech Robotics Class B Common StockNASDAQ: RR

Rolls-Royce (LON: RR) share price continued its strong parabolic move this week, soaring to a record high of 530p. It has risen in the past four consecutive days, bringing the 12-month gains to 140% and the year-to-date surge to almost 80%.

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Rolls-Royce (LON: RR) share price suffered a harsh reversal last week as concerns about its A350 engine emerged and as global stocks crashed. The stock peaked at a record high of 504p in August and then retreated to a low of 462p, its lowest point since August 6.

LAS VEGAS, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR), (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, today announced the closing of its previously announced public offering of an aggregate of 15,555,557 shares of its Class B common stock (or Class B common stock equivalents in lieu thereof) and warrants to purchase up to 15,555,557 shares of Class B common stock (the “Warrants”), at a combined public offering price of $1.35 per share (or per Class B common stock equivalent in lieu thereof) and accompanying Warrant. The Warrants have an exercise price of $1.35 per share, are exercisable immediately upon issuance and expire on the five-year anniversary of the initial issuance date.

Rolls-Royce (LON: RR) share price has gotten supercharged, as investors bet that its recent momentum has more room to run. It has risen for four consecutive weeks, reaching an all-time high of 500p.

Richtech Robotics (NASDAQ: RR ) stock is rocketing higher on Wednesday despite a lack of news concerning the robot maker. There are no press releases or filings with the Securities and Exchange Commission (SEC) that explain why RR stock is rising today.

Serve Robotics Inc. stock surged after NVIDIA announced a small investment stake. Richtech Robotics Inc. benefits from being a sympathy play, with superior revenue and operating profit numbers compared to SERV. RR has been keeping its dilution under control, and has good enough operations and cash balance to not have to dilute to the level SERV has done since listing.

Richtech Robotics (NASDAQ: RR ) stock is rocketing higher on Monday after the company announced the installation of its ADAM artificial intelligence (AI) robot at a Ghost Kitchens location. This installation took place at the Ghost Kitchens restaurant inside the Dawsonville, Ga.

Rolls-Royce (LON: RR) and BAE Systems (LON: BA) shares have done well this year, helped by the strong performance of industrial companies. BAE stock is up by 16% in 2024 while Rolls-Royce has soared by over 52%.