Wall Street Favorites: 3 Robotics Stocks With Strong Buy Ratings for May 2024

In 2022, the International Federation of Robotics (IFR) reported a new record of nearly 3.9 million robotic units in operation across industries. This placed the average robots per 10,000 human workers at 151. Since this record, the automation revolution has shifted to incorporate advanced machine learning and artificial intelligence (AI). Rather than displacing workers, the trend toward augmentation via collaborative robots or cobots. For example, Hirebotics' Cobot Welder managed to boost the welding produ ...