Serve Robotics (SERV) Expands AI-Powered Robot Delivery Into Laundry Services Th

Serve Robotics Inc (NASDAQ:SERV) is one of the best AI stocks under $10 to buy now. While Serve Robotics shares are down roughly 45% year-to-date, analysts see the pullback as a buying opportunity as they expect the stock to surge more than 190% over the next 12 months. Some 14 hedge funds have stakes in Serve Robotics stock.

On June 2, Serve Robotics Inc (NASDAQ:SERV) announced a deal to expand its AI-powered robot delivery service beyond the food industry. The company said that NoScrubs will use its sidewalk autonomous robots to deliver laundry orders. NoScrubs offers laundry services across seven major metros. It picks up clothes from customers, then washes, dries, folds, and sends them back.

Serve Robotics operates a fleet of roughly 2,000 robots across the US, and it primarily delivers restaurant meals. It will fulfill NoScrubs laundry orders along with food deliveries in shared markets. This will involve picking up clothes and returning them after the laundry service. According to Serve Robotics, laundry pickup and returns usually happen outside food delivery peak hours.

NoScrubs will assign orders to Serve based on availability and storage needs. Serve Robotics considers

Fuente original: Yahoo Finance (https://finance.yahoo.com/technology/ai/articles/serve-robotics-serv-expands-ai-202628052.html)