Nvidia’s stock soared 2,630% over the past five years, boosting its market cap to roughly $3.5 trillion and making it the most valuable company in the world. Most of that rally was driven by its brisk sales of AI-oriented GPUs for data centers. From fiscal 2019 to fiscal 2024 (which ended this January), Nvidia’s revenue grew at a compound annual growth rate (CAGR) of 39%. But from fiscal 2024 to fiscal 2027, analysts expect its revenue to rise at an even faster CAGR of 53% as the AI market continues to expand. That secular trend makes Nvidia a great long-term investment, but it could struggle to replicate its millionaire-making gains from the past several years. So if you’re looking for the “next Nvidia,” you might want to check out the smaller AI companies the chipmaker is investing in. One of those companies that stands out is Serve Robotics , a producer of AI-powered sidewalk delivery robots. Let’s see if this little $384 million company could eventually become a trillion-dollar tech giant like Nvidia. Serve Robotics was founded in 2017 within Postmates, the food delivery service acquired by Uber Technologies and integrated into Uber Eats in 2020. Uber subsequently spun off Serve Robotics as an independent company in 2021, but it continued using its delivery robots to fulfill orders in select areas across Los Angeles. Its newest Gen 3 robots can travel 48 miles on a single charge, carry up to 15 gallons of cargo, and have a max speed of 11 mph. They’re also resistant to extreme temperatures and heavy rain.

Full profile : Serve Robotics is a tiny player in a nascent market but it has a significant headroom in autonomous robots space.