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  • Jonathan Poyer

The Robotics Sector Had a Fantastic November - Can You Stomach the Volatility to Invest?

November was a very strong month for the Robotics and Automation sector. It has been a wild ride for the sector in general for 2023 and really since 2020.

Some of the larger and longest tenure strategies in the sector have seen a wild ride over this period:

Some enterprises that had a very interesting November:

  • +161%  Doosan Robotics, a South Korean company, is a leading manufacturer of industrial robots and humanoid robots for various applications. Doosan Robotics was founded in 2015 and is one of the largest companies in South Korea as well as one of the largest producers of robots in the world. Doosan went public in October of 2023 and has a market cap of $4.7 billion.

  • +55.39%  Symbotic operates as an automation technology company. The Company specializes in supply chain with its end-to-end, AI-powered robotic, and software platform. Symbotic serves the retail, wholesale, and food companies worldwide.

  • +38.37%  Procept Biorobotics manufactures medical and surgical equipment. The Company offers surgical robot providing autonomous tissue removal to treat benign prostatic hyperplasia.

  • +35.81%  Kraken Robotics operates as a marine technology company. The Company engages in designing, development, and marketing of software, advanced sonar and optical sensors, and robotic systems used in military and commercial applications.

  • +34.59%  SoundHound AI operates as a software company. The Company develops voice AI, speech recognition, natural language understanding, sound recognition, and search technologies which enables humans to interact with products and services

With the recent announcement of additional rate cuts coming in 2024, we are keeping a close eye on the sector for opportunities. It is obvious that there is ubiquitous and consistent demand for robotics and automation in just about every industry. Taking advantage of this growth as an investor is not as easy as riding a wave or assuming all ships rise with the tide. Supply chains can be fickle things as we have seen over the past 3 years.

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