Robotics Stocks Jump; Nauticus Robotics Soars 20%; Richtech Robotics Rises 7%

Tiger Newspress
01-08

Robotics stocks jumped in premarket trading on Wednesday. Nauticus Robotics rose 20%, Richtech Robotics rose 7%, Serve Robotics rose 5%.

Based on the Nvidia’s presentation at the Consumer Electronics Show on Monday — which featured fresh offerings for robotics and autos, and a new overriding vision for the technology — investors appear to believe that the tech giant, and the A.I. surge more broadly, has more room to rally.

Nvidia presented a bullish view for dominating A.I. in the physical world, as well as data-center chips. Huang, speaking in front of an array of humanoid robots, said that “the ChatGPT moment for general robotics is just around the corner.” He predicted that the market for such robots could reach $38 billion in the coming decades.

More broadly, Huang described a future populated by millions of such robots, autonomous vehicles and automated factories.

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