Serve Robotics Stock Soars 14.4% After Nvidia CEO Praises Physical AI Robots
Shares of Serve Robotics jumped 14.4% after Nvidia CEO Jensen Huang praised its physical AI robots at CES, the only delivery robot he mentioned. Northland Securities raised its price target to $26, implying 66% upside, and analysts expect revenue to reach $30 million this year despite Serve’s development-stage status.
1. Nvidia CEO lauds Serve Robotics at CES
Serve Robotics shares jumped 14.4% following glowing remarks by Nvidia Chief Executive Jensen Huang during his keynote on physical AI at CES 2026. Huang singled out Serve as the sole delivery robot in his presentation, declaring, “I love Serve Robotics” and forecasting that “the next generation of AI is physical AI.” The endorsement from one of technology’s most influential leaders thrust the company into the spotlight and underscored its partnerships with Uber Eats and Shake Shack for last-mile food delivery in urban neighborhoods.
2. Northland Securities raises price target, reinforcing bullish outlook
Earlier this month, Northland Securities elevated its price target on Serve to $26 per share, implying 66% upside over the next twelve months. The firm called Serve one of the best investments in physical AI, praising the company’s solution to the “virtual driver” problem. This followed three additional buy or outperform ratings in December, signaling growing conviction among equity analysts that Serve’s technology could disrupt the burgeoning robotics delivery market.
3. Robotics sector M&A fuels investor enthusiasm
Serve’s stock surge was further supported by two major robotics acquisitions this week: Grab’s purchase of China-based Infermove and Mobileye’s takeover of Mentee Robotics. These deals, valued at a combined $300 million, reinforced market expectations that consolidation will accelerate innovation and scale in autonomous delivery. Investors interpreted the activity as a positive signal for Serve’s own growth prospects and potential strategic partnerships.
4. Projected revenue growth and valuation considerations
Analysts forecast Serve’s revenue to climb from $2.5 million in 2025 to $25 million in 2026, driven by expanded deployments in new urban markets and additional enterprise contracts. Despite the rapid top-line acceleration, the stock trades at roughly 40 times next year’s projected sales, reflecting both the high-risk, high-reward nature of a development-stage robotics company and investor appetite for physical AI plays. With a current market capitalization of approximately $1.0 billion, investors are weighing Serve’s long-term potential against execution risks inherent in scaling autonomous fleets.