SYM - Why Symbotic Stock Rallied This Week
2023-11-25 09:30:00 ET
Shares of artificial intelligence (AI) robotics company Symbotic (NASDAQ: SYM) rallied 38.3% this week, according to data from S&P Global Market Intelligence .
Symbotic released its third-quarter earnings this week, showing impressive growth and adoption of its smart-warehouse automation hardware and software platform, shooting well past analyst estimates.
Investors are growing increasingly enthusiastic about AI and robotics, and how they can replace manual labor and streamline supply chains in the future. That being said, the stock looks a bit pricey here.
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Why Symbotic Stock Rallied This Week