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Teradyne (TER) Tapped by Amazon as Warehouse Robot Supplier

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.

A technician in a factory setting next to an industrial automation machine.

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.

While we acknowledge the risk and potential of TER investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TER and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Non-Mega Cap NASDAQ Stocks to Buy Right Now and 13 Cheap Stocks Under $50 to Buy Now.

Disclosure: None. This article is originally published at Insider Monkey.

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