Serve Robotics Inc. (SERV) stock surged 8.86% in the pre-market session on Tuesday, as shares of companies in the artificial intelligence and robotics sectors saw a broad overnight rally.
The pre-market gains for SERV came after the company's stock, along with other AI-linked firms like Arbe Robotics Ltd. (ARBE) and APPLIED DIGITAL CORP (APLD), jumped in overnight trading on Monday. ARBE rose 6%, APLD gained 6%, and SoundHound AI Inc (SOUN) climbed 3%, while semiconductor giant Nvidia (NVDA), a major player in AI hardware, was up 1%.
The rally in AI and robotics stocks appeared to be driven by growing investor optimism around the potential of these technologies, particularly after recent advancements in areas like generative AI and autonomous driving. With companies like Nvidia at the forefront of AI innovation, traders are betting that firms focused on AI applications could see significant growth in the coming years.
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