12 Best Artificial Intelligence Stocks To Invest In Under $10

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10. Serve Robotics Inc. (NASDAQ:SERV)

Share Price as of November 27: $8.78

Number of Hedge Fund Holders: 5

Serve Robotics Inc. (NASDAQ:SERV) is a robotics company that develops and operates autonomous delivery robots. Using advanced AI and machine learning, its self-driving robots are revolutionizing the way goods and services are delivered. By navigating complex urban environments and making real-time decisions, it’s at the forefront of AI-driven logistics, aiming to reduce emissions and improve efficiency.

The company is rapidly expanding its fleet of AI-powered delivery robots. It’s on track to deploy 2,000 robots by the end of 2025, aiming for $60-$80 million in annual revenue. The third-generation robots are rolling off the assembly line ahead of schedule and are already performing well in certification testing. These advanced robots are designed to be more efficient, reliable, and capable of navigating complex urban environments.

To support this growth, the company made significant strides in optimizing its operations. The daily active robots increased by 23% sequentially, and their average daily supply hours increased by 21%. These improvements have led to a 49% increase in delivery revenue quarter-over-quarter. With a fleet of 59 active robots and a planned expansion to 250 robots by Q1 2025, Serve Robotics Inc. (NASDAQ:SERV) is well-positioned to capitalize on the growing demand for autonomous delivery services.

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