Summary: Robots have left the realm of imagination and science fiction — they are now very much a reality, and they play an important role in a number of industries. In this guide, we’re going over some of the top robotics companies to invest in 2024 and diversify your portfolio while gaining exposure to this growing sector. All the stocks on our list are widely available on online investment platforms such as eToro.
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What are robotics and robotics stocks?
Robotics stocks, then, represent shares in companies that develop and implement robotic technologies. These companies operate across all industries, most notably manufacturing, biotechnology, and defense. Naturally, this kind of diversity gives investors a chance to participate in the growth and advancement of the robotics industry in both broader and more niche markets.
The biggest robotics companies tend to report significant growth, largely a result of the global aging population. The population aged above 80, for example, is expected to triple by 2050. Of course, that is not the end of the story — some of the companies in the sector are pushing technological innovation rapidly, not only in healthcare but in other industries as well, notably engineering and AI.
If the demand for robotics solutions keeps rising — and it most likely will, as people require medical services even in dire economic conditions — the robotics market will have a bright future.
Top robotics companies to invest in 2024
Not all robots are equally as sophisticated, and not all investment opportunities in the sector are as enticing. Below, you’ll find a short list of some of the top robotics companies to consider investing in in 2024:
- Nvidia (NASDAQ: NVDA);
- UiPath (NYSE: PATH);
- ABB (OTC: ABBNY);
- Thermo Fisher Scientific (NYSE: TMO);
- Rockwell Automation (NYSE: ROK).
1. Nvidia (NVDA)
Semiconductors are essential in robotics, and Nvidia is the clear leader in the industry, developing cutting-edge chips that facilitate various high-end computing processes. Its Jetson lineup, for example, finds applications in industrial and healthcare industries, and with the company’s software solutions, it positions Nvidia as a dominant player in the field of robotics and AI.
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2. UiPath (PATH)
UiPath specializes in software bots. While not tangible robots, UiPath’s products are remarkably efficient at executing various tasks, including data collection and customer relationship management. Moreover, they rely on AI to simulate human interactions with computer apps. As a result, the company has emerged as a top player in the realm of applied robotics.
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3. ABB (ABBNY)
ABB is one of the largest robotics companies and industrial equipment suppliers. Its portfolio encompasses electric vehicle (EV) charging stations, metallurgical equipment, and robotic solutions such as robotic arms and controllers. All components of ABB’s portfolio play an important role across multiple sectors. Moreover, ABB delivers software solutions as well, which facilitate continuous improvement of automated operations.
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4. Thermo Fisher Scientific (TMO)
Thermo Fisher Scientific is a life sciences company producing a comprehensive range of research and diagnostics instruments. A proponent of robotics, the company integrates automation into a wide range of its products, streamlining workflow in the biotech, pathology, and virology sectors.
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5. Rockwell Automation (ROK)
Rockwell Automation provides a range of systems, components, and software solutions used in the energy, food and beverage, and automotive industries. Moreover, the company excels in robotics and IT services, providing advanced control systems and industrial automation products. With a track record of over a century, it’s not only one of the biggest robotics companies but also one of the oldest.
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Additional top robotics companies to invest in
For more exciting investment opportunities in the robotics sector, check out our guides on:
Where to invest in top robotics companies?
The quickest and most convenient way to invest in robotics companies is to open a trading account with a regulated stock brokerage. Our go-to platform for robotics investments is eToro, a major trading platform with millions of active users and useful features such as:
- Commission-free stock and ETF trading;
- 2,000+ stocks from 17 exchanges;
- Charting tools;
- Fractional shares available;
- User-friendly platform.
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Pros and cons of investing in robotics stocks
Pros
- Growth potential: The robotics industry is rapidly growing, driven by an increasing need for automation across various sectors;
- Innovation: The largest robotics companies focus on innovation and technological advancements, allowing investors to potentially profit from new developments in AI, automation, etc.;
- Diversification: Investing in some of the best robotics stocks can give you exposure to diverse sectors, such as manufacturing, healthcare;
- Global presence: Robotics are now a global phenomenon, so many companies have a worldwide presence, giving investors exposure to global markets.
Cons
- Volatility: Robotics stocks can be high volatility since many aspects of the robotics sector are new and change quickly;
- Competition: The robotics industry is highly competitive, which can impact stock performance;
- Technological risks: Robotics come with inherent technological risks. That is, rapid advancements in technology could impact certain products or services, rendering them useless and reducing potential returns;
- Capital-intensive industry: Companies in the sector invest heavily in research and development of new solutions to remain competitive, which can lead to increased costs;
- Ethical issues: Some investors fear that the human workforce could be replaced by robots.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about the top robotics companies to invest in 2024
How to invest in robotics and AI?
You can invest in robotics and AI by buying stocks in companies involved in the development and implementation of robotics and AI solutions. Note, though, that such investments involve careful consideration of factors such as market trends, individual company performance, etc.
Why invest in robotics stocks?
Investing in robotics stocks can be fruitful for a number of reasons, such as diversification, tech innovation, growth potential, etc.
What are the best robotics stocks to buy in 2024?
The best robotics stocks to invest in are Nvidia (NASDAQ: NVDA), UiPath (NYSE: PATH), ABB (OTC: ABBNY), Thermo Fisher Scientific (NYSE: TMO), and Rockwell Automation (NYSE: ROK).
What factors should I consider before investing in robotics stocks?
Before investing in robotics stocks, conduct comprehensive research on the current state of the robotics industry, the financial health and market position of the companies you are considering, the long-term outlook of the investment, the social and environmental impact of the sector, etc.
How to buy robotics stocks?
To buy robotics stocks, you can open a trading account at an online investment platform such as eToro.
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
