A $450 Billion Opportunity: Is Serve Robotics Stock a Buy Right Now?

Nvidia (NASDAQ: NVDA) was valued at $360 billion at the start of 2023, but it has added almost $4 trillion to its market capitalization since then, thanks to surging demand for its artificial intelligence (AI) chips. The company is now spreading some of its wealth by investing in other AI enterprises. For instance, just last week, CEO Jensen Huang announced plans to pour a whopping $100 billion into ChatGPT creator OpenAI.Between 2022 and 2024, Nvidia invested $12 million in a lesser-known company called Serve Robotics (NASDAQ: SERV), which develops autonomous last-mile logistics solutions. The investment put Serve on Wall Street's radar. Unfortunately, Nvidia wound up selling its entire position at the end of 2024. Serve stock has traded in the red for most of this year as a result, but the company believes its addressable market will grow to an eye-popping $450 billion by 2030.Could this be a great buying opportunity for investors?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool