For years robotics was pigeonholed into major US manufacturing duties but new technology and
artificial intelligence are turning that around. Robots look to assist a much larger capacity with these
technology improvements, such as personal assistance, autonomous vehicles, biomedical assistance,
and delivery. Robotics was expected to have a CAGR of 25% from 2020 to 2025 so the growth is promising. Companies like Intuitive Surgical (ISRG), iRobot Corp (IRBT), and Rockwell Automation (ROK),
offer promising future growth prospects and value buys like ABB offer P/E ratios that are attractive
compared to the S&P 500.
FINSUM + Magnifi: Robotics is an interesting frontier for science and an opportunity for investors. But individual companies changing technology is risky. Broader Robotics ETFs such as BOTZ allow investors to capitalize on this growing industry with less idiosyncratic risk.
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