Here’s the thing. I have decades of experience with the markets and I have never seen so much economic uncertainty.
See, in the U.S. coming off coronavirus lockdowns varies not just by states but often by individual cities and counties. Something similar is occurring all around the world, making recovery forecasts difficult.
Meantime, you have some health experts and aggressive government officials suggesting lockdowns should continue until we find a Covid-19 vaccine.
Like I said, a lot of economic noise out there.
But fortunately, I have found a great tech leader that embodies Rule No. 2 – and I mean that quite literally. It’s a firm with a pole position in the 5G wireless race.
Despite the coronavirus panic – or perhaps because of it – the robotics industry recently saw deals worth $3 billion.
Here’s the thing. We’re just scratching the surface here.
That amount only covers high-profile deals by two major Silicon Valley firms. One was for venture capital funding and the other for a big merger.
But quietly and behind the scenes, robotics and automation firms garnered at least another $3.9 billion in funding.
And that’s just for February and March of this year.
So, it should come as no surprise that with the coronavirus serving as a fresh catalyst, robotics adoption is likely to grow significantly from here.
After all, one of the most significant effects of the coronavirus has been the fact that it has driven businesses to get human hands off of important work, whether that’s through digital connections or robotic automation.
A new report by MarketsandMarkets says that just the use of industrial bots will grow by roughly 10.4% year, meaning it will double by the end of this decade to more than $73 billion.
Apple Inc. (AAPL) and Microsoft Corp. (MSFT) were bracing themselves for trouble when they warned early on that the coronavirus crisis might impact their next financial reports. That might be true, but that’s also the reason that the giants of big tech are in a great position to hang on and make an outstanding comeback, even if their stock prices drop in the short term. They are prepared to handle the challenge, whether that’s Apple transferring its business to purely online services, or Amazon.Com Inc. (AMZN) hiring to keep up with the now-indispensable delivery business. Not only that, but the fundamental long-term growth potential of new technologies like artificial intelligence hasn’t gone anywhere. A great moment to buy might be coming up soon. Click here to watch.