Could Serve Robotics Become the Next Symbotic?

Symbotic (NASDAQ: SYM), a producer of artificial intelligence-powered warehouse automation robots, went public by merging with a special purpose acquisition company (SPAC) two years ago. Its stock has gone through some wild swings, but it has still nearly quadrupled from its opening price of $10.54 to about $40 as of this writing.Symbotic gained a lot of attention for three reasons: it was growing rapidly, its largest backer and customer was Walmart, and it claimed that a $50 million investment in just one of its modules (which include its warehouse robots and automation software) could generate $250 million in lifetime savings over 25 years.Image source: Serve Robotics.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool