SYM - Is Symbotic Stock a Buy Now?
2024-05-11 15:07:00 ET
The arrival of artificial intelligence (AI) presents a variety of opportunities to invest in this secular trend . You can buy stock in the semiconductor manufacturers producing AI chips, and in the companies building AI software.
An intriguing investment choice among AI-related businesses is robotics company Symbotic (NASDAQ: SYM) . It uses artificial intelligence to act as the brain for its machines, which are designed to streamline freight processing in warehouses.
Symbotic's stock price increased after the May 6 release of the company's earnings report for its fiscal second quarter, which ended March 30. This is a positive sign, but is it an indicator that now is the time to buy shares?
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Is Symbotic Stock a Buy Now?