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 , 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.
Source Fool.com
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