By Pia Singh
Publication Date: 2026-01-07 19:36:00
Things are looking up for Serve Robotics , a company that is capturing Wall Street’s attention given its expansion in the increasingly hot investment space of “physical AI.” Serve Robotics, an autonomous sidewalk delivery robot maker that was spun out of Uber in 2021, maintains a close partnership with Nvidia even after the chipmaker sold its stake in the company last year. Nvidia CEO Jensen Huang highlighted the company’s food delivery robot during his keynote presentation at the CES 2026 show on Monday, pointing to an image of the Serve Robotics robot and stating, “I love those guys.” After Huang’s comment, Northland Capital Markets analyst Michael Latimore on Tuesday reiterated his outperform rating on Serve Robotics. He added it was the “only delivery robot” presented during Huang’s speech and that it remains one of the firm’s top stock picks for 2026. “Via physical AI, their virtual driver steers delivery robots through public spaces and produces a huge ROI. SERV is one of the best investments in physical AI, we believe, and has myriad 2026 catalysts,” Latimore said in a Jan. 1 note to clients, when he first named the stock a top pick. Latimore’s $26 price target on the stock implies 98.5% potential upside. Shares of Serve Robotics are up 25% since the start of this year, but their history has been volatile. The stock has lost roughly 30% over the past year and is down 28% since it went public in April 2024, partly because of Nvidia’s on-and-off history with the…