Serve Robotics (NASDAQ: SERV) shares have declined 37% in the past month, underperforming the Zacks Computer & Technology sector’s gain of 4.5% and the Zacks IT Services industry’s return of 3.2%. Shares of this AI-powered last-mile robot delivery service provider saw significant volatility since its public equity offering on April 18, from when it started trading on the Nasdaq Capital Market under the ticker “SERV.” Since then, SERV shares have jumped 197.8%. However, the sluggish second-quarter 2024 results saw shares dropping 9.8% since Aug. 13. SERV reported revenues of $0.47 million, sign…