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Serve Robotics (SERV) stock has been under pressure so far in 2025. Its shares slipped on Friday after the AI-trained autonomous robot company reported fourth quarter earnings that fell short of Wall Street's expectations, adding to its losses fueled by Nvidia (NVDA) disclosing it sold its holdings in Serve Robotics alongside other AI plays like SoundHound AI (SOUN).
Serve Robotics CEO Ali Kashani joins Asking for a Trend with Josh Lipton to discuss the earnings print, its growing fleet of robots, tariff impacts, and Nvidia's divestment.
"In terms of the entire year, our revenue grew by 700% or more, and our focus is really putting 2,000 robots on the streets by the end of this year. So, we are kind of getting ready for that big scale-up. We're building 250 additional robots on top of the 100 we have already this quarter alone, 75 of them we actually managed to manufacture ... ahead of schedule," Kashani says, adding, "I feel pretty bullish in our plan and our ability to put these 2,000 robots out to use."
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Watch the video above to learn more about Serve Robotics' expansion plans, the effect of US President Donald Trump's tariffs, and the impact of Nvidia cutting its stake in the company.
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This post was written by Naomi Buchanan.