Nvidia’s Jensen Huang said he loves this company. The shares could nearly double this year, says one analyst
Serve Robotics, an autonomous sidewalk delivery robot company, is capturing renewed Wall Street interest following a public endorsement from Nvidia CEO Jensen Huang at the CES 2026 technology show. The company, spun out of Uber in 2021, is viewed by analysts as a leading play in the emerging "physical AI" investment theme, which applies artificial intelligence to real-world robotic tasks.
Huang highlighted Serve Robotics during his keynote, stating, "I love those guys," while displaying an image of its delivery robot. This prompted Northland Capital Markets analyst Michael Latimore to reiterate his outperform rating, noting it was the "only delivery robot" featured in the speech. Latimore, who named the stock a top pick for 2026 with a $26 price target, believes Serve offers "one of the best investments in physical AI" with multiple catalysts ahead.
Volatile History and Expanding Real-World Footprint
The stock's trajectory has been heavily influenced by Nvidia's changing stake, witnessing dramatic swings on news of the chipmaker's investment and subsequent exit. Despite this volatility, the company has made tangible operational progress. In December, it announced the successful deployment of over 2,000 autonomous delivery robots across major U.S. cities, forming the largest sidewalk delivery fleet in the country through partnerships with Uber Eats and DoorDash.
Analysts are bullish on this expanding footprint and the underlying business model. Oppenheimer's Colin Rusch, who initiated coverage with an outperform rating in December, sees fiscal 2026 as a pivotal year for revenue growth. He notes the company can leverage collected operational data to create a "compound AI approach," improving route optimization and hardware design. Freedom Capital Markets analyst Dmitriy Pozdnyakov is similarly optimistic about the path to profitability, citing aggressive fleet expansion and key delivery platform partnerships.
Positioning at the Intersection of AI and Logistics
Serve Robotics represents a convergence of several high-interest sectors: artificial intelligence, robotics, and last-mile logistics. While its stock remains speculative and subject to sharp moves, the company's growing physical deployment and strategic partnerships provide a concrete foundation for its "physical AI" narrative. For investors, it exemplifies a high-risk, high-potential bet on a tangible application of AI technology moving beyond software and into everyday commerce.
