These are the top 3 robotics stocks that you can buy for the year 2023 and beyond

Since the invention of modern robotics in the 1950s, robots have captivated our imagination. Some find the idea of lifelike machines performing human tasks intriguing, while others find it unsettling. You can invest in robotics stocks to buy for 2023 and beyond.

However, robotics, like all technology, is not about replacing humans. Rather, robots can automate routine tasks, freeing up our time for more meaningful pursuits. Breakthroughs in recent years have accelerated the adoption of automation processes within organizations, and some estimates indicate that the global adoption of robotics will accelerate. From 2020 to 2025, global spending could more than double to nearly US$210 billion. Investing in robotics company stocks could thus be a profitable move in the coming years.

1. Nvidia

Semiconductors are the foundation of all technology. Nvidia has risen to the top of this field, and its advanced circuitry designs are enabling all kinds of high-end computing processes, including robots.

GPUs from Nvidia are being used to improve the speed with which computing units crunch data, from data centres to personal computers to small IoT devices. Fast computing time is required for a complex system such as a robot. The aptly named “Jetson” lineup of modules is just one example of Nvidia’s work. Jetson devices, which include artificial intelligence (AI) and machine learning software, are being used in applications ranging from industrial and manufacturing machinery to healthcare devices and self-driving vehicles.

2. UiPath

Not all robots are actual machines. Many of them live in the virtual world, performing tasks on computers and in cloud computing systems. UiPath, a pioneer in robotic process automation (RPA), creates and supports software bots that can be trained to perform virtual tasks and act as virtual assistants to human workers.

3. Rockwell Automation

Rockwell Automation is a global leader in industrial technology. Its systems, components, and software assist manufacturers in the development of smarter, more efficient machines. Rockwell’s services and equipment serve a diverse range of industries, from energy and chemical producers to food and beverage manufacturers to automakers.