Shares of Serve Robotics jumped 14.4% on the day after Nvidia CEO Jensen Huang singled out the company during his keynote on physical AI at the CES Conference. Huang remarked, “I love Serve Robotics,” and highlighted the firm as the only delivery robot in his speech. The shout-out from one of the most influential figures in the AI industry sent trading volume to 24 million shares, more than double the three-month daily average of 9.2 million, and reinforced Serve’s standing as a leader in sidewalk food delivery automation.

Earlier this month, Northland Securities upgraded Serve Robotics to its top pick for 2026 and raised its price target to $26 per share, implying 66% upside from current levels. That recommendation followed three additional strong-buy or outperform ratings in December, reflecting growing analyst confidence. Northland cited Serve’s breakthrough in solving the virtual-driver challenge and placed it among the most promising physical AI investments, driving further interest from institutional investors.

Analysts forecast Serve’s revenue will climb from $2.5 million in 2025 to $25 million in 2026, a tenfold increase driven by expanded partnerships with Uber Eats, Shake Shack and other foodservice brands. At a market capitalization near $1.0 billion, the company trades at approximately 40 times forward sales, underscoring both the growth potential and valuation premium in the robotic delivery space. Sector momentum was also fueled by recent acquisitions: Grab’s purchase of last-mile robotics start-up Infermove and Mobileye’s acquisition of humanoid-robot specialist Mentee Robotics, which together signal accelerating consolidation and rising strategic interest in AI-powered delivery solutions.