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StockNews.com
StockNews.com
Business
Abhishek Bhuyan

3 Robotics Stocks to Watch in an Automated World

Path MDT PTC UiPath Medtronic plc Microsoft PTC Inc Street UiPath Inc

Automation is rapidly advancing, reshaping industries and consumer preferences with key trends such as robotics and AI, driving innovation and efficiency across various industries into 2024 and beyond. Amid this backdrop, investors could consider keeping an eye on fundamentally strong robotics stocks such as Medtronic plc (MDT), PTC Inc. (PTC), and UiPath Inc. (PATH), in this increasingly automated world.

Industrial automation, boosted by AI, is growing like never before in sectors such as the medical, tech, and software sectors. Industrial robotics had record shipments last year. This year, AI advancements are expected to enhance robot capabilities and sales, driving industry efficiency. The global robotics technology market is projected to grow at a CAGR of 14.7% to surpass $283.19 billion by 2032.

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