These are the top 10 robotics stocks that you can buy for the year 2023 and beyond
Since the invention of modern robotics in the 1950s, robots have captivated our imagination. Some find the idea of lifelike machines performing human tasks intriguing, while others find it unsettling. You can invest in robotics stocks to buy for 2023 and beyond.
However, robotics, like all technology, is not about replacing humans. Rather, robots can automate routine tasks, freeing up our time for more meaningful pursuits. Breakthroughs in recent years have accelerated the adoption of automation processes within organizations, and some estimates indicate that the global adoption of robotics will accelerate. From 2020 to 2025, global spending could more than double to nearly US$210 billion. Investing in robotics company stocks could thus be a profitable move in the coming years.
In this article, we have explained the top 10 robotics stocks to buy for 2023 and beyond. Read to know more about these robotics stocks.
Nvidia
Semiconductors are the foundation of all technology. Nvidia has risen to the top of this field, and its advanced circuitry designs are enabling all kinds of high-end computing processes, including robots.
GPUs from Nvidia are being used to improve the speed with which computing units crunch data, from data centers to personal computers to small IoT devices. Fast computing time is required for a complex system such as a robot. The aptly named “Jetson” lineup of modules is just one example of Nvidia’s work. Jetson devices, which include artificial intelligence (AI) and machine learning software, are being used in applications ranging from industrial and manufacturing machinery to healthcare devices and self-driving vehicles.
UiPath
Not all robots are actual machines. Many of them live in the virtual world, performing tasks on computers and in cloud computing systems. UiPath, a pioneer in robotic process automation (RPA), creates and supports software bots that can be trained to perform virtual tasks and act as virtual assistants to human workers.
Rockwell Automation
Rockwell Automation is a global leader in industrial technology. Its systems, components, and software assist manufacturers in the development of smarter, more efficient machines. Rockwell’s services and equipment serve a diverse range of industries, from energy and chemical producers to food and beverage manufacturers to automakers.
Intuitive Surgical
Intuitive Surgical is a robotic-assisted surgery pioneer. Its da Vinci system debuted commercially in 2000 and has since expanded globally. The robots from Intuitive Surgical assist surgeons and their teams in performing more precise procedures, which improves patient outcomes and recovery times significantly.
Tesla
The general public and investor community are familiar with the moniker Tesla. Tesla, the corporation that invented electric cars, has a market cap of $1 trillion. One of the businesses that benefited greatly from the pandemic is Tesla. The demand for EVs has also increased as a result of the worldwide economic movement towards a greener environment, which is anticipated to boost sales and stock prices. The electric vehicle industry is expanding and has a bright future ahead of it.
Teradyne
Teradyne is a manufacturer of industrial equipment that aids in the automation of repetitive tasks. One of the most repetitive and time-consuming tasks in the manufacture of electronic devices is testing the products to ensure they work properly. Teradyne’s robotics free people from this activity, shorten testing-verification time, and improve device-testing accuracy before a product is delivered.
Zebra Technologies
Zebra Technologies has a long history in the automation industry. The company creates mobile computing devices to help company employees work more efficiently. Zebra’s robotic-enhanced computers help workers organize and automate their workflow in industries ranging from retail and warehousing to healthcare and banking.
iRobot
Consumer robots are created and manufactured by iRobot Corporation. It provides the best selection of robot vacuums for customers to use at home. The company’s ability to innovate has proven useful and has contributed to a consistent rise in revenue. Also, the business is increasing the types of revenue it generates by emphasizing direct user sales. Their internet platform has been working incredibly well for this. Direct-to-consumer (DTC) revenue of $40 million was reported for the most recent quarter. This was a 13% increase over the third quarter of the previous year.
Upstart Holdings
A cloud-based lending platform run by Upstart Holdings evaluates potential borrowers using alternative parameters. The business arranges loans for its clients using its AI platform. The algorithm that powers Upstart’s platform is its key differentiator. The program can evaluate a borrower using unusual measures. Personal loans, wedding loans, credit card consolidation loans, and auto loans are a few examples of the loans that Upstart provides. Before you, as an investor can reap the rewards of your investment, you must remain put and wait a while. Value stock investing is a long-term endeavor.
PTC
Another company working in secrecy from the general population is PTC. To help manufacturers become more productive and tap into the potential of the digital economy, the company has created an industrial Internet of Things platform, an augmented reality platform, and computer-aided design software.
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