Robotics and Automation: The Next Trillion-Dollar Industry
Artificial intelligence ("AI") continues to be a hot topic among investors. And many related stocks have surged higher as a result.
That's why a lot of investors are once again focusing on innovation investing. I talked about the value of innovation investing in a recent episode of Making Money With Matt McCall. My guest and I even discussed how it's the "key to investing."
But there's another trend that has been gaining ground. This space has been transforming for decades and has a long runway ahead of it: robotics.
So on today's episode of Making Money With Matt McCall, I dive into the current state of the robotics and automation megatrend. And I discuss how AI is propelling it to the next level.
There are a number of reasons why the robotics field is crucial in today's world. It plays an integral role in the future of most industries... from farming to manufacturing to health care.
We know that robotics and AI will help revolutionize these spaces in the years to come. But they're already changing the world now. I provide some examples of how the robotics trend is hard at work. And I share the investment opportunities that are being created as a result.
It's hard to fully comprehend the projections for the robotics and automation megatrend by the end of the decade.
Based on some estimates, it could end up being a trillion-dollar market. But when you consider the mass expansion of AI, combined with 3D printing and supply-chain issues, it makes sense that it will become a booming trend.
Then, to close out the show, I take a look at the companies that are already involved in the world of robotics. I share eight stocks that are experiencing growth from the megatrend... from large robot manufacturers in Japan to smaller U.S.-based companies.
If you have any interest in AI and robots, then this is the show for you.
Click here to watch today's episode of Making Money With Matt McCall now.
Here's to the future,
Matt McCall
Editor, Daily Insight
June 27, 2023