This performance was driven by ABB’s leadership in automation solutions for energy infrastructure and data centers, including industrial applications. In Q2 2023, ABB continued its strong momentum, delivering 13% revenue growth amidst macroeconomic headwinds. However, ABB is one of the dominant forces in robotics, with over 400,000 industrial robots installed worldwide. Investors often overlook this $65 billion industrial conglomerate. (OTCMKTS: ABBNY) is a Switzerland-based industrial automation and robotics leader operating in over 100 countries. Here are the three robotics stocks I’ve got on my watch list now.ĪBB Ltd. These companies benefit from searing demand, high barriers to entry, and a blue-collar industry that’s ripe for disruption. In other words, while software AI stocks may soon plateau, robotics stocks still have lots of room to run. Even consumers are beginning to embrace robots for tasks like cleaning and security. With global supply chains in turmoil, warehouses and factories need robots to improve efficiency and resilience. With the labor market still painfully tight, companies are desperate to automate certain roles. Additionally, their growth runways are massive, as demand for automation solutions has never been higher. This area of robotics has far fewer players than conversational AI, giving leading companies huge competitive moats. ![]() That’s why I argue investors should shift their sights to robotics, and companies specifically involved in industrial and warehouse robotics. The AI landscape is becoming fiercely competitive, and these text-based AI companies will struggle to keep dazzling Wall Street. ![]() But while the hype around generative text models like ChatGPT is red-hot, I believe the stratospheric growth of these large language models is unsustainable. The AI boom has been nothing short of remarkable, with companies like OpenAI reaching meteoric valuations almost overnight.
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