10 Best Industrial Automation Stocks to Buy for the Next Decade

5. Teradyne, Inc. (NASDAQ:TER)

Number of Hedge Fund Holders: 49

Teradyne, Inc. (NASDAQ:TER) is one of the Best Industrial Automation Stocks to Buy for the Next Decade. Teradyne’s Universal Robots division has been identified as the supplier of robotic arms for Amazon’s newly unveiled warehouse robot, Vulcan, according to a report from Hunterbrook Media. This reveals Denmark-based Universal Robots as a key technology partner in Amazon’s latest automation push.

Vulcan is designed to handle tasks such as picking and stowing, integrating advanced touch sensitivity to perform delicate, repetitive movements with higher precision. Though Amazon has not officially confirmed its supplier, the robotic arms match Universal Robots’ design, and are reportedly outfitted with grippers from Robotiq, another firm known for seamless compatibility with Teradyne’s automation products.

Hunterbrook estimates the Vulcan project could be worth as much as $400 million for Teradyne, Inc. (NASDAQ:TER), as Amazon continues to invest in automating logistics for the 14 billion items it handles annually.This development highlights Teradyne’s growing presence in warehouse and supply chain automation, adding another major client to its industrial roster. Shares of Teradyne moved higher following the report’s release.

Teradyne advances industrial automation through collaborative robots and machine testing systems used in manufacturing, logistics, and high-volume warehouse operations.