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Shares of This Food-Delivery Robot Maker Are Soaring. What DoorDash Has to Do With It.

Oct 09, 2025 14:57:00 -0400 by Mackenzie Tatananni | #AI

Serve Robotics has a reputation as an AI play because of the technology its robots use. (Courtesy Serve Robotics)

Key Points

Shares of Serve Robotics popped on Thursday after the maker of artificial intelligence-powered food-delivery robots unveiled a multiyear partnership with DoorDash.

Serve will work with DoorDash to expand its footprint across the U.S., starting in Los Angeles. Serve robots already have a presence in the city as well as in Miami, Dallas, Chicago, and Atlanta through an existing partnership with Uber Eats.

Serve says its machines have completed more than 100,000 deliveries to date. The agreement will DoorDash will expand the volume of orders available for delivery, the company added.

Shares surged 24% to $17.05 on Thursday, snapping a two-day losing streak and putting them on pace for the highest close since Feb. 13, according to Dow Jones Market Data. The stock has gained 26% this year, compared with a 14% gain for the S&P 500.

DoorDash, meanwhile, was down 1.5%. The company unveiled its own autonomous delivery robot, Dot, last week.

Serve has developed a reputation as an AI play due to the technology that powers its self-driving sidewalk delivery robots. The company was founded in 2017 as a division of Postmates, the food delivery service that was acquired by Uber Technologies in December 2020. Months after the transaction, Serve was spun off to become an independent company.

Serve reported $642,000 in sales and delivered 120 robots for its second quarter. That was in line with analysts’ forecasts, though management’s financial guidance for the third quarter came in weaker than expected.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com