Bank of America Picks 10 Key Stocks to Watch as Robots Take Over the World
Health, industrial automation sectors set to benefit most
This article is for subscribers only.
The global market for intelligent machines is set to more than triple to $153 billion by 2020, says Bank of America Corp.’s Merrill Lynch, which has pinpointed companies particularly poised to ride the robotics wave.
“Robots and AI are becoming an integral part of our daily lives as providers of labor, mobility, safety, convenience, and entertainment,” strategists in London led by Beijia Ma wrote in a note dated Nov. 3. “Demographics, energy efficiency, productivity, urbanization, and wage inflation suggest long-term sustained growth.”