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

1. Ford Motor Company (NYSE:F)

Number of Hedge Fund Investors  in Q1 2024: 41

Ford Motor Company (NYSE:F) is another mega American car manufacturer. Like Tesla and GM, it is also aggressively targeting robotics development which opens up the path for it to become one of the biggest beneficiaries of humanoid robots. While Tesla’s robot development plans are new, Ford Motor Company (NYSE:F) partnered up with the University of Michigan in 2021 to build a $75 million, 134,000 robotics development facility in Ann Arbor. This facility also focuses on bipedal robot development, which is the precursor to humanoid robots. Ford Motor Company (NYSE:F) is another serious player in the bipedal industry as well, as it has partnered up with Agility to create value additions to autonomous cars. Agility’s bipedal robot, called Digit, can hook up with cars to benefit from their map data for navigation, and it is also designed to carry groceries from a car to the doorstep. This could expand the ride hailing business model of autonomous cars to deliver groceries too, and provide Ford Motor Company (NYSE:F) with a unique moat in the industry.

Ford Motor Company (NYSE:F)’s management has big plans for its cars when it comes to robots. Here’s what it said during the Q2 2024 earnings call:

“Our vehicles are increasingly general-purpose computers capable of delivering the type of application environment, AI for our customers and user experiences that we expect from all of our digital devices. And this allows us to create powerful, connected, ever-improving customized experiences, which I’ll talk about. Many of you may be surprised that Ford leads on OTAs. According to the 2024 OEM OTA capability rankings in North America, we are the leader based on quality of our updates. This is not how many updates we do, although we do a lot. It’s about the ability to improve the fundamental performance and capability of the entire vehicle and all the modules in the vehicle. And there’s no better evidence than Mach-E. Longer range, better efficiency on the battery, faster zero to 60 times, better BlueCruise performance, we’ve done it all with Mach-E for many years now.

Our vision is not just a powerful computer on wheels. It’s actually a robot. We will link with these digital experiences.”

F is the biggest beneficiary of a growth in humanoid robots according to Morgan Stanley. But our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than F but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None.