10 Cheap Robotics Stocks to Buy Right Now

8. Emerson Electric Co. (NYSE:EMR)

Stock Upside Potential: 17.97%

Forward P/E: 19.77

Number of Hedge Fund Holders: 43

Emerson Electric Co. (NYSE:EMR) is one of the cheap robotics stocks to buy right now. On May 26, Emerson Electric Co. (NYSE:EMR) inked a strategic collaboration with SiMa.ai to integrate SiMa.ai’s MLSoC (Machine Learning System on Chip) technology into Emerson’s industrial PCs.

SiMa.ai’s MLSoCTM (Machine Learning System on Chip) is designed to deliver high-performance computing and power efficiency for Emerson’s industrial PCs, enabling physical AI workloads. It also features an autonomous safety system that detects gas and liquid leaks, enhancing productivity.

The integration of advanced artificial intelligence capabilities into industrial personal computers will enable Emerson to perform real-time data analysis in factory and remote site environments. In return, the systems will be able to operate at temperatures between 40 and 140 degrees Fahrenheit.

Delivering advanced AI capabilities in the harshest industrial field environments is part of Emerson’s bid to pursue opportunities in the Industrial AI market, poised to reach $153.9 billion by 2030, growing at a 23% compound annual growth rate. Part of the growth comes from the growing demand for AI technology at the industrial edge.

Emerson (Emerson Electric Co.) is a global technology and engineering powerhouse that builds hardware, software, and AI-driven solutions that act as the “central nervous system” for major industrial manufacturing facilities.

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