15 AI News Updates Worthy of Investor Attention

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13. Symbotic Inc. (NASDAQ:SYM)

Market Capitalization: $17 Billion 

Symbotic Inc. (NASDAQ:SYM) is an automation technology company that engages in developing technologies to improve operating efficiencies in modern warehouses. The AI business focuses on automating supply chain and warehouse operations. On November 18, the firm posted earnings for the fourth fiscal quarter, reporting earnings per share of $0.05, beating market estimates by $0.02. The revenue over the period was $576 million, up 47% compared to the revenue over the same period last year and beating estimates by $106 million.

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