Shares of Serve Robotics Inc. (SERV) jumped 6.74% in pre-market trading on Tuesday, caught up in the broader market frenzy surrounding AI and quantum computing stocks.
The surge in SERV's stock price appears to be driven by the company's association with Nvidia, a leading AI firm, and the overall investor excitement around the potential of autonomous robotic solutions powered by AI. As quantum computing stocks like Quantum Corp (QMCO) soared over 11%, the momentum spilled over to AI-focused companies like Serve Robotics, which develops autonomous robots for commercial applications.
Serve Robotics, backed by Nvidia, is well-positioned to capitalize on the growing demand for AI-powered robotics solutions across various industries. The company's focus on cutting-edge technologies and its connection to a prominent AI player like Nvidia likely fueled investor optimism, propelling SERV's stock higher in pre-market trading.
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