We recently published a list of 10 best robotics actions to buy according to billionaires. In this article, we are going to examine where Oceanering International, Inc. (NYSE: OII) stands against other robotics actions held by billionaires.
The robotics industry has developed slightly in recent years. Robotic companies are increasing faster than ever, motivated by technological progress since the emergence of AI. In particular, humanoid robots develop quickly on the world market, driven by AI. According to the search for Goldman Sachs, the total addressable market for humanoid robots is expected to cross $ 38 billion by 2035, a massive upgrade compared to its previous forecasts of $ 6 billion in 2023.
Read also: 10 cheap robotics shares to invest now
Morgan Stanley expects the humanoid robot units to reach 40,000 by 2030 and go through 63 million by 2050. Citigroup is even more optimistic, anticipating a 7 -bundled humanoid robot market by 2050, with 1.19 billion humanoid robots in operation. Adam Jonas de Morgan Stanley expects humanoid robots to be an opportunity for several decades and billions of dollars, as adoption could accelerate more quickly for autonomous vehicles.
In 2023, the postponement of world New Robotics noted approximately 4.28 million units operating in factories worldwide, increasing by 10% compared to 2022. Annual installations exceeded half a million units for the third consecutive year. Asia remains the hot region of robots, with 70% of all the newly deployed robots in 2023 installed in Asia. China, Japan, South Korea and India are among the largest robotics markets in the world. China runs the market, recording 276,288 industrial robots installed in 2023, representing 51% of world facilities. The United States has the largest robotics market in the region, representing 68% of installations in the Americas in 2023.
The US stock market has been under pressure due to prices, as the wider market has plunged more than 4.50% since the start of the year. At the same time, Global X Robotics & Artificial Intelligence ETF (Botz) and Robo Global Robotics and Automation Index ETF (Robo), which made more than 11% in 2024, dropped by almost 10% and 7% year to that, respectively. Despite the market to political winds, robotics’ actions are very promising, given the growing demand for humanoids and automation systems.
A crowded drilling platform in the western Canadian sedimentary pool, workers handling oil and natural gas equipment.
To compile our list of the best robotics actions to buy according to the billionaires, we searched for robotics and automation companies largely held by billionaires. The data of billionaire holders for each stock were taken from the insider monkey database, update at 424 of the fourth quarter. We also mentioned the number of hedge funds holding each stock in the second quarter of 2024.
