Why Serve Robotics Stock Popped Again for the Second Day in a Row

Shares of Serve Robotics (NASDAQ: SERV), a maker of food delivery robots, were moving higher for the second day in a row today, even though there was no news out on the emerging technology company.Instead, the stock seems to be getting bid higher in line with Tesla's recent gains, as CEO Elon Musk has been talking up Tesla's robotics program as its electric vehicle business fizzles. Emerging technology stocks in areas like quantum computing, electric vertical takeoff and landing (eVTOL) vehicles, and solid-state batteries have all soared in recent months, and investors appear to be looking for a start-up with exposure to robotics and seeing Serve Robotics as a good candidate.At 10:44 a.m. ET, the stock was up 9.3% after gaining 6.8% yesterday. At the same time, Tesla was up 5.4%.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool