9 Best Robotics Stocks to Buy as Amazon Deploys 1 Million Robots

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6. Rockwell Automation, Inc. (NYSE:ROK)

Short Percentage of Float: 3.38%

Number of Hedge Fund Holders: 60

Rockwell Automation, Inc (NYSE:ROK) is one of the best robotics stocks to buy. On June 22, Rockwell Automation, Inc (NYSE:ROK) unveiled FactoryTalk Orchestration software, a solution for coordinating material flow and production processes.

FactoryTalk Orchestration software is part of Rockwell Automation’s push to connect automated equipment with enterprise and plant systems to coordinate operations. Its edge stems from its ability to standardize connectivity across the portfolio. Its development aims to capitalize on manufacturers seeking automation and robotics solutions that can coordinate operations.

Therefore, Rockwell Automation expects FactoryTalk Orchestration software to help manufacturers move from fragmented automation toward a more connected, autonomous operation. By unifying operations, manufacturers will enjoy improved throughput, reduce bottlenecks, and respond faster to disruptions and changing demand.

Meanwhile, Britain’s Cranswick Plc, a leading manufacturer of premium gourmet foods, has commissioned Rockwell Automation’s Autonox robotics to enable end-of-line pick-and-place. The system is designed to enable automated packaging and, therefore, support more connected production lines.

Rockwell Automation, Inc. (NYSE:ROK) is the world’s largest pure-play company dedicated to industrial automation and digital transformation. They design hardware, software, and services to help manufacturers and industrial businesses make their production processes more efficient, connected, and sustainable.

While we acknowledge the potential of ROK to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ROK and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Robotics Stocks to Buy as Amazon Deploys 2 Million Robots.

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