We recently published a list of 12 best automation actions to buy according to hedge funds. In this article, we will examine where Nvidia Corporation (Nasdaq: NVDA) applies to other automation actions to buy according to hedge funds.
The rise of the generating AI rose, while robotics disrupts industrial automation. On the other hand, the automation of the supply chain has reshaped the traditional operations of the elimination of the bottlenecks of storage in stock management and the forecasting of demand. In stock monitoring, advanced warehouses management networks, supplied by AI and ML algorithms, help optimize stocks, resource allocation, route planning, etc.
Sales of professional service robots increased by 30% in 2023, according to the International Federation of Robotics (IFR). Data from the IFR Statistics Department show that more than 205,000 robotics units were sold in 2023, with Asia-Pacific representing 80% of world robotics sales. Sales of robots of transport and logistics services represented 113,000 units in 2023, an increase of 35% compared to 2022. In addition to this, medical robots are in enormous demand and sales of medical robots have climbed 36% at almost 6,100 units in 2023.
In addition to robotics, quantum computer science is revolutionizing various industries. Other technologies such as virtual reality (VR), augmented reality (AR), megadata, data analysis and 5G technology are essential to conduct automation on various segments.
Global X Robotics & Artificial Intelligence ETF (Nasdaq: Botz) and Robo Global Robotics and Automation Index ETF (NYSE: Robo) increased by more than 11% and 8.50% in the past year, respectively. Given the growing demand for automation and robotics systems, automation actions are very promising.
We used automation and robotics ETF as well as online rankings to preselect an initial list of automation actions. We then selected the 12 automation actions most held by the Hedge Funds. The list is sorted in ascending order of the number of hedge holders in the third rank 2024.
Why do we care about what the hedge funds do? The reason is simple: our research has shown that we can surpass the market by imitating the main choices of stock of the best hedge funds. The strategy of our quarterly newsletter selects 14 shares with small capitalization and high capitalization each quarter and has rendered 275% since May 2014, beating its reference with 150 percentage points (See more details here).
A close -up of a high -end colorful graphics card being connected to a game computer.