Small robot concept stock Serve Robotics doubles its stock price, report shows Nvidia holds stake in the company

Serve Robotics, which develops AI-driven robots for the delivery industry, surged by about 99.5%, marking the largest intraday gain since its IPO in the United States, closing at $5.29. A 13G report shows that NVIDIA holds a 10% stake in the company, with NVIDIA being an investor in the company since at least 2023. NVIDIA fell by about 2%. It is worth mentioning that SoundHound, in which NVIDIA holds shares, is currently up by 0.3%, reaching the level achieved when it surged over 22% on July 10th for testing purposes