13 Best AI Stocks to Buy Under $10

11. Serve Robotics Inc. (NASDAQ:SERV)

Stock Price as of May 12: $7.46

Number of Hedge Fund Holders: 10

Serve Robotics Inc. (NASDAQ:SERV) develops and operates artificial intelligence-powered, low-emission sidewalk delivery robots. It has already partnered with Uber Eats and 7-Eleven to make delivery of food and other items sustainable and economical. In its first quarter of 2025, Serve Robots built and deployed 250 new third-generation robots and remains on course to deploy 2,000 robots by year end.

Serve Robotics Inc. (NASDAQ:SERV) is already projecting revenues of between $60 and $80 million once the 2,000-robot fleet reaches target utilization next year. Additionally, it expanded its partnerships to over 1,500 merchants in Q1, further strengthening its revenue base. Consequently, it delivered impressive quarterly results as revenues increased 150% to $440 thousand.

Serve Robotics Inc. (NASDAQ:SERV) also hit a new milestone on formalizing efforts to monetize its data and software platform.  The company has already inked significant deals with a top-tier European automaker and a middle-mile autonomous trucking company. It has also set out to tap into the robotics and drone delivery markets that are growing at an impressive rate and expected to be worth $450 billion by 2030.

While Serve Robotics Inc. (NASDAQ:SERV) is not yet profitable, it remains well-positioned to generate its first profit as the cost of developing artificial intelligence-powered robots drops. Serve Robotics Inc. holds a Moderate Buy rating, backed by two analysts, with a 12-month price target of $17.00. Forecasts range from $11.00 to $23.00, suggesting a 159.15% potential upside from its current $6.56.