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As the world delves deeper into a new era of technological innovation, the spotlight shines brightly on companies at the forefront of artificial intelligence (AI) and robotics. One such standout player is robotics company Symbotic (SYM), whose shares have scored dazzling gains so far this year. Its stock is up 177% year-to-date, outperforming the S&P 500 Index’s ($SPX) gain of 14%.
It doesn’t come as a surprise to see SYM shares rally, given that most tech stocks are riding the AI wave. Also, Symbotic’s strengthening fundamentals, as depicted by its results in the first three quarters of fiscal 2023, have aided this growth story. Nonetheless, investors might now be wondering if they missed out on this AI stock, and whether there is any more upside left to be had.
