- Inflation reaches 40 year high– consumer price index (CPI) inflation rate reached 8.5 percent in March 2022 — the biggest year-over-year spike since December 1981.
- Unfilled jobs and skyrocketing wages– wages are rising at the fastest pace in decades causing many jobs to remain unfilled as workers opt for higher-paying positions. Many businesses are already seeing their margins shrinking and cannot raise wages for these positions while still remaining competitive.
- Robots, AI and autonomous options provide enterprises with efficient solutions– autonomous technologies in many cases allow enterprises to eliminate the jobs they are having trouble filling, at a lower cost. For businesses to compete in this new era of inflation, robots will become more essential to everyday business.
The rise of robotics is no longer for science-fiction movies, the future is now. According to Statista, the global market for industrial robots is projected to grow past $165 billion by 2028.
US companies ordered more robots than ever before in the first nine months of 2021, as they struggled to recruit staff. For instance, Factories and industrial concerns in North America ordered a record 29,000 robots during the first nine months of 2021, a 37% increase on the previous year, according to the Association for Advancing Automation (A3).
WHY THE MARKET IS RIPE FOR ROBOTICS
- Inflation reaches 40 year high– consumer price index (CPI) inflation rate reached 8.5 percent in March 2022 — the biggest year-over-year spike since December 1981.
- Unfilled jobs and skyrocketing wages– wages are rising at the fastest pace in decades causing many jobs to remain unfilled as workers opt for higher-paying positions. Many businesses are already seeing their margins shrinking and cannot raise wages for these positions while still remaining competitive.
- Robots, AI and autonomous options provide enterprises an efficient solution– autonomous technologies in many cases allow enterprises to eliminate the jobs they are having trouble filling, at a lower cost. For businesses to compete in this new era of inflation, robots will become more essential to everyday business.
CAPITALIZING ON THE RISE OF ROBOTS
Most robotics investors know iRobot Corp. (Nasdaq: IRBT). Its robotic vacuum cleaner, the Roomba, is a household name and the stock reflects this popularity. IRBT is currently a $1.5 Billion company trading at nearly 50 times earnings.
However, investors seeking parabolic opportunities in robotics investment can find several smaller robot stocks with extreme upside potential. These robot penny stocks are quickly growing active followings.
Artificial Intelligence Technology Solutions, Inc. (OTCMKTS: AITX) is a great place to start.
AITX’s subsidiary Robotic Assistance Devices (RAD) offers enterprises efficient security solutions. Its devices solve complex security challenges and reduce costs for companies. The company offers several security robots (SCOT™, ROSA™, Wally™, Wally HSO™, AVA™, ROAMEO™, or RAD Light My Way™) that solve a host of security issues. Now is a great time to start researching AITX because April has been a banner month for the company. Its April success is due to the company’s performance at ISC West in March.
- AITX’s RAD participates in ISC West, the security industry’s premier conference, in March.
- AITX’s AVA 3.0 wins an award at ISC West.
- AITX says the company “gained a significant increase to its late-stage (i.e. ‘close to closing’) sales opportunities,” at the conference.
- AITX CEO Steve Reinharz said this could mean a potential, “10,000 device deployments.”
- AITX announces in total the company acquired approximately 150 new well-qualified end-user opportunities in addition to over 50 existing client and dealer meetings.
AITX LINES UP SEVERAL NEW SALES
AITX has announced 11 new sales since the conference. There could be many more in the pipeline judging by the reported opportunities. These events could be catalysts for AITX’s stock. Make sure to start your research now.
Guardforce AI Co. Ltd. (Nasdaq:GFAI, GFAIW) is another robotic security solution provider and AITX is starting to nip at its heels. GFAI received notice from the Nasdaq Stock Market LLC (Nasdaq) on April 11, 2022 informing Guardforce AI that it has regained compliance with the minimum bid price requirement under Nasdaq listing rule 5550(a)(2) (the “Rule”) for continued listing on The Nasdaq Capital Market.
Ark’s Cathie Wood is bullish on Nano Dimension Ltd. (NASDAQ:NNDM) which specializes in additively manufactured electronics (AME) technology that transforms analog devices into intelligent machines to deliver all-digital systems.
On March 31, Nano Dimension Ltd. (NASDAQ:NNDM) posted financial results for the December 2021 quarter. The company reported $7.53 million in sales outperforming market consensus by $2.03 million.
Sarcos Technology and Robotics Corporation (NASDAQ: STRC) also released December 31 results recently. Develops robots for labor jobs, highlights from 2021 for the company include: $217 million in unrestricted cash and cash equivalents,
Completed assembly and began initial testing of the initial Guardian® XT™ “Beta” unit,
Completed scheduled move into new headquarters in Salt Lake City
Desktop Metal (NYSE: DM) addresses additive manufacturing, an essential tool for engineers and manufacturers around the world. DM recently announced the launch of the ExOne S-Max® Flex, a scalable, large-format binder jetting system that 3D prints sand tooling, which foundries use to quickly cast complex metal designs for the aerospace, automotive, and energy industries, among others.
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