Top Robotics Stocks to Watch in July 2024

The robotics industry is rapidly evolving, presenting numerous opportunities for investors. According to MarketBeat's stock screener tool, several robotics stocks are worth monitoring. This article highlights seven prominent companies in the robotics sector.

NVIDIA (NVDA)

NVIDIA is a key player in the robotics field, offering a comprehensive platform that includes CUDA-accelerated systems, libraries, application frameworks, and generative AI models. These tools advance AI perception, manipulation, and simulation. NVIDIA provides solutions for AI robot development, accelerated computing, and realistic simulations.

Teradyne (TER)

Teradyne Robotics, a division of Teradyne, Inc., includes Universal Robots (UR) and Mobile Industrial Robots (MiR). Universal Robots is a leader in collaborative robot arms (cobots), while MiR develops autonomous mobile robots (AMRs) for intralogistics. Teradyne is integrating NVIDIA's technology into Universal Robots' arms, enabling faster path planning.

Zebra Technologies (ZBRA)

Zebra Technologies specializes in technology that senses, analyzes, and acts in real-time, offering mobile computing, marking, tracking, and computer printing solutions. Their products include mobile computers, software, barcode label printers, RFID technology, autonomous mobile robots (AMRs), and machine vision (MV) systems. Zebra’s AMRs use UltraSLAM™ localization technology for navigation.

TechnipFMC (FTI)

TechnipFMC's Schilling Robotics legacy brand provides manipulator systems and remotely operated vehicles (ROVs) for the energy, utility, and industrial sectors. Their manipulators are deployed on work-class ROVs globally and perform various intervention tasks. TechnipFMC is using RTI's technology to build next-generation remote robotics controls.

Applied Industrial Technologies (AIT)

Applied Industrial Technologies is a distributor and technical solutions provider of industrial motion, fluid power, flow control, and automation technologies. They offer robotics, machine vision, and Industry 4.0 solutions. Applied Industrial Technologies acquired Automation, Inc. to expand their automation offerings and provide collaborative, industrial, and mobile robots.

EPAM Systems (EPAM)

EPAM Systems provides digital platform engineering and software development services. They offer engineering services, infrastructure management, and intelligent automation solutions, including robotic process automation (RPA). EPAM works with customers to build and optimize intelligent automation solutions, using robotic process automation tools, machine learning, and natural language processing.

SPX Technologies (SPXC)

SPX Technologies supplies infrastructure equipment for heating, ventilation, and cooling (HVAC) and detection and measurement markets. SPX acquired ULC Robotics, a developer of robotic systems and inspection technology for natural gas networks.