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Express News | After rising 187% in the last trading session, Serve Robotics surged another 40% in pre-market trading. Last Friday, Nvidia disclosed a 10% stake in Serve Robotics.
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Serve Robotics Inc. Surges as NVIDIA Stake Is Revealed
Serve Robotics Inc. (NASDAQ: SERV) is making headlines with its extraordinary premarket performance. After a remarkable 187% gain during Friday's regular trading session, the stock continued its upward trajectory in premarket hours on Monday, climbing an additional 40%. This impressive rise saw the stock price leap from $2.63 to an astonishing $10.55. High Trading Volume ...
Stock price doubled overnight! This robotics company received a "block" from Nvidia.
The current scale is still relatively small.
US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.
Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.
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