15 Best Humanoid Robot Stocks That Will Ride A $30 Trillion Opportunity According To Morgan Stanley

5. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Investors  in Q1 2024: 302

Amazon.com, Inc. (NASDAQ:AMZN) is the biggest eCommerce company in the world. It operates close to 200 mega fulfillment centers worldwide, which offers it a wide base to benefit from humanoid robots. Amazon.com, Inc. (NASDAQ:AMZN) is also a high technology company courtesy of its semiconductor design and consumer electronics businesses. This means that the firm has an adequate technological base that it can leverage to introduce humanoids in its warehouses. Amazon.com, Inc. (NASDAQ:AMZN)’s use of Kiva mobile robots in its warehouses has cut down click to ship times by 78%, and its partnership with Anthropic also provides it with a large artificial intelligence platform to make up the “brains” of humanoid robots as envisaged by Morgan Stanley. Amazon.com, Inc. (NASDAQ:AMZN) is also an early mover in the humanoid space as it started testing these robots in US warehouses in 2023. Since it still relies on eCommerce for most of its revenue, Amazon.com, Inc. (NASDAQ:AMZN)’s stock performance depends on economic conditions. Additionally, it could see additional tailwinds from humanoids through a reported new business division targeting supply chains and logistics.

Amazon.com, Inc. (NASDAQ:AMZN) believes that using robots will help it cut costs as management shared during the Q2 2024 earnings call:

“As we pursue these initiatives, we remain focused on lowering our cost to serve. We have a number of opportunities to further reduce costs, including expanding our use of automation and robotics, further building out our same-day facility network, and regionalizing our inbound network.”