Explain why serv stock has moved the way it has over the last 2 months

Serve Robotics (SERV) stock has experienced significant volatility over the last two months due to a combination of factors:

1. Partnership with Shake Shack: On August 14, 2024, SERV announced a new delivery partnership with Shake Shack, which will see Serve Robotics' autonomous delivery robots used to transport food from Shake Shack locations in Los Angeles. This collaboration is expected to expand the company's geographic footprint and generate additional revenue, contributing to the stock's recent rise.
2. Investor Sentiment: The partnership with Shake Shack has generated positive investor sentiment, as evidenced by the heavy trading volume following the announcement. On August 14, 2024, SERV stock traded with over 32 million shares, which is significantly higher than its daily average of approximately 15.8 million shares. This surge in trading volume indicates heightened investor interest and could be a precursor to further stock movement.
3. Nvidia's Ownership: Serve Robotics' stock has been influenced by Nvidia's stake in the company. Nvidia's ownership disclosure has helped push SERV stock up 860% over the last month, with the company's market capitalization increasing to roughly $700 million. The investment from Nvidia, a leader in AI hardware, signals a vote of confidence in Serve Robotics' growth potential.
4. Market Perception: The market's perception of SERV as a robotics specialist with potential in the last-mile delivery sector has contributed to the stock's rise. Serve Robotics' autonomous delivery robots use artificial intelligence (AI) technologies for navigation, differentiating the company in a growing market.
5. Financial Performance: The company's financial performance, while still small, shows potential. In the first quarter of 2025, Serve Robotics reported revenue of approximately $950,000, with sales up 124% year over year. This growth in revenue, coupled with the company's strategic partnerships, suggests a promising future.

In conclusion, Serve Robotics' stock movement over the last two months can be attributed to a combination of strategic partnerships, investor sentiment, Nvidia's ownership, market perception, and the company's financial growth. These factors combined provide a strong rationale for the stock's recent performance.