"Symbiotic ( NASDAQ:SYM) shares have been hot of late, gaining around 172% year to date while shining a bright light on the emerging field of warehouse automation. As the AI revolution paves the way for a boom in robotics, momentum investors may have more reasons to consider the firms out there that aren't named Tesla ( NADSAQ:TSLA) or Nvidia ( NASDAQ:NVDA)."
"Undoubtedly, the two high-flying Magnificent Seven stocks are leading change and are ready to ring in the era of robots in the workplace and around the home. And, of course, many other Mag Seven firms are getting in on the rise of robots, with Amazon ( NASDAQ:AMZN) leading the way in warehouse robotics while Apple ( NASDAQ:AAPL) is rumored to launch some kind of desktop robot at some point over the next few years."
Symbiotic shares have risen sharply year to date, gaining roughly 172% and reaching fresh all-time highs near $69 per share after a volatile run that included a nearly 50% drop from peak to trough earlier this year. Shares plunged about 30% from an August peak, recovered in September, and staged an October breakout. The rise highlights the emerging field of warehouse automation and the broader physical AI and robotics boom. Large tech firms like Tesla, Nvidia, Amazon, Apple, Meta Platforms, and Alphabet are major participants, while smaller-cap robotics firms can offer greater relative upside potential.
Read at 24/7 Wall St.
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