I'm shorting Serve Robotics Inc. because I think they are wildly overpriced. Shares have gone on a 950% run in 1 month and are primed for a sharp dropoff. The recent hype is largely driven by NVIDIA's disclosure of an investment in the company on July 18. Key facts below

• NVIDIA only has a 10% stake, they've invested in numerous other companies it's just what large companies do (more here: NVIDIA Investments)

• The robots are to expensive given the current manufacturing costs and are underestimated by the company (see manuf costs below)

• The IPO lock-up period expires 7/31 and insiders will begin dumping shares, major dilution is coming

• The robot production ramp-up is only based on current estimates and financials and will likely be delayed due to higher than anticipated costs

• Amazon recently shuttered robot programs due to low ROI projections (more here: Amazon Astro Robots)

robot costs $$$