$30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley

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2. Toyota Motor Corporation (NYSE:TM)

Number of Hedge Fund Investors  in Q1 2024: 17

Toyota Motor Corporation (NYSE:TM) is the globally renowned Japanese automotive giant. It is also one of the oldest players in the humanoid robots race and launched the first such product in 2017. Since then, Toyota Motor Corporation (NYSE:TM) has kept up the pace with its humanoid robot development, and one of its latest products is the Punyo humanoid research platform. Punyo is designed to carry objects with the help of its complete upper body, which provides it with added capacity when compared to just the arms. The robot is also trained using AI technologies, which provides Toyota Motor Corporation (NYSE:TM) with an added leg up in the early stage of the industry. Its years long focus on humanoid research provides the firm with a key competitive moat, and Toyota Motor Corporation (NYSE:TM) has the added advantage of being a manufacturing company with exposure to the sizeable Asian manufacturing industry – key variable that could help it sell humanoid robots at scale if the industry picks up.

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