Tesla's Elon Musk may not be the only one cashing in on humanoid robots
Published On Dec 1, 2024, 8:30 AM
The article discusses the explosive growth potential of humanoid robots, with projections estimating that 648 million humanoids could be in existence by 2050, and a total addressable market reaching $7 trillion by the same year. The key areas for growth are identified as parcel delivery, construction, food delivery, and home services. The article notes that over 50 companies are currently developing humanoid robots, with Tesla and Nvidia highlighted as prominent players in this sector. With the growing adoption of such technology, significant implications for the workforce and operational efficiencies for companies are anticipated.
Stock Forecasts
TSLA
Positive
Tesla and Nvidia are positioned well to capitalise on the burgeoning humanoid robotics market. Tesla's involvement in robotics with its Optimus project highlights its potential in this emerging field. Nvidia, with its advancements in AI and computing technologies, is also making strides in humanoid robotics. Investors may find attractive opportunities in these stocks as interest in humanoids grows.
NVDA
Positive
Given Nvidia's commitment to advancing humanoid robotics, it may attract significant investments and partnerships as the market evolves, serving as a key player within this sector.
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