3 Robotics and Automation Stocks to Buy in August
These three automation stocks offer investors different ways to profit from the next wave of robotics growth.
Overview
As breakthroughs in artificial intelligence (AI) models and chip technology evolve, robotics and automation are expanding from single-task machinery to intelligent, general-purpose systems. These advancements are expected to drive strong adoption across factories, manufacturing, food service, and healthcare settings.
According to research published by Future Market Insights, the industrial robotics market could grow from $65 billion this year to nearly $344 billion by 2036, representing an 18% compound annual growth rate (CAGR). With such strong growth projected in the coming decade, here are three robotics and automation stocks investors can consider buying in August.
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Originally published at www.fool.com.