Serve Robotics Inc. (NASDAQ:SERV ) Q4 2024 Earnings Conference Call March 6, 2025 5:00 PM ET Company Participants Aduke Thelwell - Head, Communications and IR Ali Kashani - Co-Founder and CEO Brian Read - CFO Conference Call Participants Operator Thank you for standing by my name is Danielle, and I will be your conference operator today. At this time.
The company's quarterly sales of $176,000 fell short of Wall Street estimates for $250,000.
SoundHound AI (SOUN -0.41%), Serve Robotics (SERV -2.02%), and Super Micro Computer (SMCI -1.74%) have something in common. Their performance in February isn't it, though.
Serve Robotics' fourth-quarter 2024 results are likely to reflect the improving utilization of its delivery robots.
Ride-hailing giant Uber Technologies and artificial intelligence (AI) chipmaker Nvidia don't have much in common, but until the end of last year, they were the two largest shareholders in Serve Robotics (SERV -4.78%). However, investors recently learned that Nvidia sold its entire position at the end of 2024, and Serve stock has plunged by more than 50% since.
SAN FRANCISCO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Serve Robotics Inc. (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced that it will report its 2024 fourth quarter and full year financial results on Thursday, March 6, 2025 after market close. The company will host a conference call and webcast to review the results on the same day.
Serve Robotics said on Wednesday it was rolling out its sidewalk delivery robot services in Miami, marking its first expansion to the East Coast as part of its goal to deploy 2,000 robots across the United States by the end of 2025.
Wall Street recently discovered through Securities and Exchange Commission filings that artificial intelligence (AI) chipmaker Nvidia (NVDA 2.63%) reshuffled its tech portfolio, selling out of last-mile delivery pioneer Serve Robotics (SERV -39.57%) and AI voice leader SoundHound AI (SOUN -28.10%).
SERV shares are risky for near-term investors but are attractive on a long-term basis due to an expanding robotics fleet.
Serve Robotics Inc. (SERV) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.