5 Best Robotics Stocks To Buy Now

In this article, we discuss 5 best robotics stocks to buy now. If you want to read our detailed discussion on the robotics industry, head over to 14 Best Robotics Stocks To Buy Right Now. 

5. Splunk Inc. (NASDAQ:SPLK)

Number of Hedge Fund Holders: 67

Splunk Inc. (NASDAQ:SPLK) develops and markets cloud services and licensed software solutions. Its unified security and observability platform includes Splunk Security for cyber risk mitigation and compliance, and Splunk Observability for visibility across infrastructure, applications, and customer experience. The Splunk App supports robotic process automation (RPA) deployment for companies like UiPath Inc. (NYSE:PATH). Splunk Inc. (NASDAQ:SPLK) is one of the best robotics stocks to buy. 

On November 28, Splunk Inc. (NASDAQ:SPLK) reported a Q3 GAAP EPS of $0.55 and a revenue of $1.07 billion, outperforming Wall Street estimates by $0.42 and $40 million, respectively. 

According to Insider Monkey’s third quarter database, 67 hedge funds were bullish on Splunk Inc. (NASDAQ:SPLK), compared to 50 funds in the prior quarter. Matthew Halbower’s Pentwater Capital Management is the largest stakeholder of the company, with 2.5 million shares worth $370.45 million. 

ClearBridge Mid Cap Growth Strategy made the following comment about Splunk Inc. (NASDAQ:SPLK) in its Q3 2023 investor letter:

“Stock selection in the IT sector was the main detractor during the quarter, as the prospect of a higher-for-longer rate environment weighed on longer-duration, higher growth stocks. Despite these challenges, there were also strong positive contributions from Splunk Inc. (NASDAQ:SPLK) and AppLovin. Splunk’s price rallied on the news of its acquisition by Cisco, and investors applauded AppLovin’s new, AI-enabled platform which is improving productivity in its mobile games ad network.”

4. General Electric Company (NASDAQ:GE)

Number of Hedge Fund Holders: 76

General Electric Company (NASDAQ:GE) is a high-tech industrial company operating in Europe, China, Asia, the Americas, the Middle East, and Africa. The Robotics team at GE Research envisions service robots that collaborate closely with humans, handling tedious, dirty, and hazardous tasks. Intelligent industrial service robots are seen as the next significant industrial tool, amplifying human capabilities, enabling faster and safer operations in previously inaccessible areas, and possessing cognitive and physical abilities beyond our current imagination. General Electric Company (NASDAQ:GE) is one of the best robotics stocks to invest in. 

On January 23, General Electric Company (NASDAQ:GE) reported a Q4 non-GAAP EPS of $1.03 and a revenue of $19.4 billion, outperforming Wall Street estimates by $0.13 and $1.85 billion. 

According to Insider Monkey’s third quarter database, 76 hedge funds were bullish on General Electric Company (NASDAQ:GE), compared to 71 funds in the preceding quarter. Chris Hohn’s TCI Fund Management is the largest stakeholder of the company, with 41.65 million shares worth $4.60 billion. 

Longleaf Partners Fund stated the following regarding General Electric Company (NYSE:GE) in its fourth quarter 2023 investor letter:

“General Electric Company (NYSE:GE) – Industrial conglomerate General Electric (GE) was the top performer for the year. We exited this multi-year investment as its price went above our appraisal. In 1Q23, GE spun out GE Healthcare, which we sold as it traded at our value. The share price continued its strong performance throughout the spring and summer, and we ultimately sold the position in the third quarter when we no longer saw a margin of safety for the business. CEO Larry Culp was a great partner who created significant value for shareholders by reducing leverage, cutting costs, streamlining operations, improving company culture and simplifying the structure with plans to split the company into three businesses. We hope to have the opportunity to partner with him again in the future.”

3. Intuitive Surgical, Inc. (NASDAQ:ISRG)

Number of Hedge Fund Holders: 78

Intuitive Surgical, Inc. (NASDAQ:ISRG) develops and manufactures medical products, particularly the da Vinci Surgical System, a robotic surgical system facilitating minimally invasive procedures for physicians worldwide. It is one of the best robotics stocks to monitor. On January 23, Intuitive Surgical, Inc. (NASDAQ:ISRG) reported a Q4 non-GAAP EPS of $1.60 and a revenue of $1.93 billion, outperforming Wall Street estimates by $0.11 and $30 million, respectively. 

According to Insider Monkey’s third quarter database, 78 hedge funds were long Intuitive Surgical, Inc. (NASDAQ:ISRG), compared to 68 funds in the prior quarter. Ken Fisher’s Fisher Asset Management is the largest stakeholder of the company, with 4.40 million shares worth $1.28 billion. 

Baron Health Care Fund stated the following regarding Intuitive Surgical, Inc. (NASDAQ:ISRG) in its fourth quarter 2023 investor letter:

“Additional tailwinds to performance came from robotic surgical system pioneer Intuitive Surgical, Inc. (NASDAQ:ISRG). We believe Intuitive Surgical will continue to innovate and launch new products that enhance surgical outcomes, and we think the company has a long runway for growth.

Intuitive Surgical, Inc. sells the da Vinci surgical robotic system for minimally invasive surgical procedures. The stock rose on investor speculation that the company could launch a new robotic system in 2024. We believe Intuitive Surgical will continue to innovate and launch new products that enhance surgical outcomes, and we think the company has a long runway for growth.”

2. Thermo Fisher Scientific Inc. (NYSE:TMO)

Number of Hedge Fund Holders: 109

Thermo Fisher Scientific Inc. (NYSE:TMO) is a global provider of life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products, serving diverse markets including pharmaceutical, biotechnology, academic, government, environmental, and healthcare. The company supplies robots designed to automate intricate research tasks in laboratories, requiring adaptability, optimal space utilization, and smooth integration with laboratory peripherals. Thermo Fisher Scientific Inc. (NYSE:TMO) is one of the best robotics stocks to buy. 

On January 31, Thermo Fisher Scientific Inc. (NYSE:TMO) reported a Q4 non-GAAP EPS of $5.67 and a revenue of $10.89 billion, outperforming Wall Street estimates by $0.02 and $160 million, respectively. 

According to Insider Monkey’s third quarter database, 109 hedge funds were bullish on Thermo Fisher Scientific Inc. (NYSE:TMO), compared to 103 funds in the prior quarter. Chris Hohn’s TCI Fund Management is the largest stakeholder of the company, with 3.19 million shares worth $1.6 billion. 

Weitz Partners III Opportunity Fund made the following comment about Thermo Fisher Scientific Inc. (NYSE:TMO) in its second quarter 2023 investor letter:

“Portfolio activity this quarter included opportunistically initiating a position in life sciences tool and equipment maker Thermo Fisher Scientific Inc. (NYSE:TMO), a long-time holding of other Weitz portfolios, at an attractive valuation.”

1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 180

NVIDIA Corporation (NASDAQ:NVDA) is a global provider of graphics, compute, and networking solutions with a diverse product portfolio. NVIDIA provides a comprehensive robotics platform for the training, advancement, and large-scale deployment of AI-enabled robots. Over 1.2 million developers and 10,000 customers, including Amazon Web Services, Cisco, John Deere, Medtronic, Pepsico, and Siemens, have opted for NVIDIA’s robotics solutions. It is one of the best robotics stocks to buy. 

On February 9, NVIDIA Corporation (NASDAQ:NVDA) announced that it is establishing a new business unit to create customized chips for cloud computing firms, focusing on advanced AI processors. Key players in generative AI, such as OpenAI, Microsoft, Alphabet, and Meta Platforms, are vying for access to NVIDIA chips to stay competitive in the evolving AI landscape. 

According to Insider Monkey’s third quarter database, 180 hedge funds were long NVIDIA Corporation (NASDAQ:NVDA), compared to 175 funds in the prior quarter. Rajiv Jain’s GQG Partners is one of the largest stakeholders of the company, with 14 million shares worth $6.10 billion. 

Polen Focus Growth Strategy stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its fourth quarter 2023 investor letter:

“Apple and NVIDIA Corporation (NASDAQ:NVDA) alone drove over 1,100 basis points of the Russell 1000 Growth Index’s 42% return, so not owning them was a meaningful headwind to our relative return in 2023. NVIDIA shares rocketed higher by well over 200% in 2023 although they slightly underperformed our Portfolio and the Russell 1000 Growth in the fourth quarter. Generative AI has been a huge boon for NVIDIA as the use of LLMs like ChatGPT and others requires tremendous processing power that, today, is mostly provided by NVIDIA’s GPUs. All large cloud service providers, AI factories, and many large consumer internet companies are laying the foundation for generative AI by deploying NVIDIA GPUs and other parallel processing chips to be able to do large scale generative AI either for internal use (i.e., Meta) or as a service for others (i.e., AI factories) or both (cloud service providers such as Amazon, Microsoft, and Google).

Given many of NVIDIA’s customers or its end customers are still very much in the experimentation phase with generative AI, it is unclear how sustainable the current demand for GPUs truly is. At the same time, it is known that NVIDIA has historically been highly cyclical. By the end of 2024, we believe NVIDIA will already account for roughly half the market for datacenter chips, servers, and networking equipment, which is unprecedented. Even though the valuation at 25x forward earnings doesn’t look very demanding at first glance, it assumes NVIDIA will own virtually the entire datacenter chip market in just the next few years and will sustain year-on-year growth despite being a cyclical business that is currently experiencing much higher new peaks.

We believe NVIDIA is a highly advantaged business, but we also believe the long-term growth outcomes are currently too variable, and the expectations built into the company’s $1.2 trillion valuation as of this writing assume the most optimistic of those scenarios.”

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