Serve Robotics Snaps Up Diligent Robotics In $29M All-Stock Deal: Why Investors Are Not Convinced

Investing.com -- Serve Robotics Inc (NASDAQ:SERV) stock rose 4.8% in after-hours trading Tuesday following the announcement of its acquisition of Diligent Robotics, a provider of AI-powered robot assistants for the healthcare industry.

The acquisition marks Serve’s first expansion beyond last-mile delivery into indoor environments, specifically hospitals. Diligent’s autonomous hospital robot Moxi is already deployed in over 25 hospital facilities across the U.S., having completed more than 1.25 million autonomous deliveries.

Under the terms of the agreement, Serve will pay $29 million in common stock to Diligent shareholders, with a potential additional earn-out of up to $5.3 million upon achievement of specified milestones. The transaction is expected to close in the first quarter of 2026.

Founded in 2017, Diligent has raised over $100 million from investors including Tiger Global, Canaan, and True Ventures. Its Moxi robots support nurses and hospital staff by handling routine deliveries, allowing healthcare workers to focus more on patient care.

"This acquisition accelerates Serve’s evolution from a robotic delivery company into a full-stack autonomy platform," said Dr. Ali Kashani, CEO of Serve Robotics. "By extending our platform beyond sidewalks and into hospitals, we’re expanding where our Physical AI can operate, learn, and create value."

The deal is expected to deliver non-organic revenue growth, with each hospital facility deploying Moxi robots projected to generate between $200,000 to $400,000 in annual sales. Diligent will continue operations as a Serve subsidiary under the leadership of its CEO Andrea Thomaz.

The combined company will leverage a common autonomy and AI stack, which Serve believes will accelerate learning, deployment, and scalability across both outdoor and indoor environments.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Thursday’s market has seen swings in various stocks based on news and other factors. Today, stocks like Alibaba (BABA) and Costco (COST) are rallying, while stocks like Applied Materials (AMAT) and Intel (INTC) are falling. Below are highlights of some of the biggest stock movers, from mega-caps to small caps.

Mega-Cap Movers (Market Cap $200B+)

• Alibaba (BABA); 5.39%
• Costco (COST); Costco reports 8.5% increase in December sales to $29.86 billion; +4.97%
• United Tech (RTX); +3.42%
• Philip Morris Intl (PM); +2.15%
• Oracle (ORCL); -2.88%
• Avago Technologies (AVGO); -2.92%
• Lam Research Corp (LRCX); -2.24%
• Intel Corp (INTC); -2.4%
• Micron Tech (MU); -3.54%
• Applied Matls Inc (AMAT); -3.5%

Large-Cap Stock Movers (Market Cap $10B-$200B)

• Kratos Defense (KTOS); Kratos Defense supports Trump’s defense reinvestment policy; +17.56%
• Bloom Energy Corp (BE); +14.39%
• Huntington Ingalls Industries Inc (HII); +8.12%
• Northrop Grumman (NOC); +7.0%
• AeroVironment (AVAV); +9.06%
• Karman Holdings (KRMN); Karman Space & Defense to acquire maritime defense specialists for $220 million; +9.86%
• Regencell Bioscience Holdings (RGC); -14.3%
• Acuity Brands Inc (AYI); Acuity Brands beats Q1 earnings estimates as sales rise 20%; -12.84%
• Lumentum Holdings Inc (LITE); -11.54%
• ICON Plc (ICLR); Truist Securities downgrades ICON stock to Hold on growth concerns; -6.79%

Mid-Cap Stock Movers (Market Cap $2B-$10B)

• Ondas (ONDS); +17.49%
• Applied Blockchain (APLD); +15.46%
• Serve Robotics (SERV); +14.4%
• Astronics Corp (ATRO); +10.16%
• Omnicell (OMCL); KeyBanc upgrades Omnicell stock rating to Overweight on potential "super-cycle; +6.47%
• Inflection Point Acquisition (LUNR); +5.18%
• Mobileye Global (MBLY); -6.41%
• Arcus Biosciences Inc (RCUS); Morgan Stanley downgrades Arcus Biosciences stock on balanced risk/reward; -8.21%
• Centrus Energy (LEU); -8.97%
• Teleflex Inc (TFX); -11.05%
• Applied Opt (AAOI); -12.23%

Small-Cap Stock Movers (Market Cap $300M-$2B)

• Imara Inc (ELVN); Enliven reports positive initial phase 1b data for ELVN-001 in CML; +59.04%
• Helix Acquisition Corp (MLTX); FDA confirms MoonLake’s path to HS drug approval without additional trials; +29.09%
• Neogen Corp (NEOG); Neogen stock soars 20% as earnings beat drives investor optimism; +27.92%
• HUYA Inc (; +21.22%
• Babcock & Wilcox Enterprises (BW); +17.23%
• Serve Robotics (SERV); +14.4%
• Phathom Pharmaceuticals Inc (PHAT); Phathom Pharmaceuticals prices $130 million public offering; -12.89%
• Membership Collective Group (SHCO); -16.03%
• CorMedix Inc (CRMD); CorMedix reports $127 million Q4 revenue, provides 2026 outlook; -28.38%
• Immuneering (IMRX); Immuneering reports 64% survival rate in pancreatic cancer trial; -36.68%

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This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- Serve Robotics Inc (NASDAQ:SERV) stock gained 4.7% on Wednesday after Freedom Capital Markets initiated coverage on the autonomous delivery company with a Buy rating and a $16.00 price target.

The positive market response came as analyst Dmitriy Pozdnyakov highlighted Serve’s pioneering position in autonomous sidewalk delivery for last-mile logistics. The company has been expanding its fleet of electric delivery robots across major U.S. cities.

In his initiation note, Pozdnyakov pointed to Serve’s improving utilization rates and first-mover advantages in what he described as a large, underpenetrated market segment. These factors led the analyst to project strong growth potential and a path to profitability for the company.

Serve Robotics operates in the growing autonomous delivery space, where its sidewalk robots aim to solve challenges in the last-mile delivery market. The company’s current price target from Freedom Capital represents significant upside potential from current trading levels.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- Tesla (NASDAQ:TSLA) stock rose 1% Wednesday following reports that the Trump administration is planning to accelerate development of the robotics industry, potentially benefiting companies in the automation sector.

According to a Politico report, Commerce Secretary Howard Lutnick has been meeting with robotics industry CEOs and is "all in" on accelerating the sector’s growth. The administration is considering issuing an executive order on robotics next year, sources familiar with the discussions told Politico.

Other robotics-related stocks saw even stronger gains, with Serve Robotics (NASDAQ:SERV) jumping 8%, Richtech Robotics (NASDAQ:RR) surging 11%, and Teradyne (NASDAQ:TER) rising 1%.

The Commerce Department confirmed its commitment to the sector, stating: "We are committed to robotics and advanced manufacturing because they are central to bringing critical production back to the United States."

This robotics initiative follows the administration’s artificial intelligence acceleration plan released five months ago. The Department of Transportation is reportedly preparing to announce a robotics working group, possibly before year-end.

The push has also gained traction in Congress, where Republicans attempted to include an amendment in the National Defense Authorization Act that would have created a national robotics commission. While that amendment wasn’t included in the final bill, other legislative efforts are reportedly underway.