CNBC reports that Jeff Bezos is making “huge bets” in one emerging industry.
Elon Musk predicts that this same industry will produce the “the biggest product of all time by far. Nothing will even be close.”
According to research from Ark Invest, this same industry has a staggering $24 trillion revenue opportunity by 2030.
I’m talking about the robotics industry, and I know what you’re thinking.
We’ve been hearing about robotics for years, and sure there have been some nice developments, but it’s never quite lived up to the hype.
But all that has changed.
Thanks to breakthroughs in artificial intelligence as well as massive leaps in areas like machine vision, we are on the cusp of an unprecedented opportunity in general robotics.
But don’t take my word for it.
According to Nvidia’s CEO, Jensen Huang, the “ChatGPT moment for general robotics is just around the corner.”
And that’s why Musk went even further with this prediction “I think it’ll be 10 times bigger than the next biggest product ever made.”
If you can imagine a product 10x bigger than the iPhone, then you will understand why Apple, Google, and Meta are all racing to take advantage of this opportunity.
And if you’re an investor, you don’t need me to tell you that’s a huge deal.
Because you’ve seen what the iPhone has done to Apple’s stock price.
And you already know that Nvidia stock is up over 5x since the original ChatGPT moment just 2.5 years ago.
And the analyst team at Motley Fool Stock Advisor, has identified one under-the-radar stock (more than 100x times smaller than Nvidia) that is located in the red-hot center of this exploding industry.
You can read all about this amazing company (and 5 of the team’s top recommendations for this trend) in The Motley Fool’s brand new report called, An Investor’s Guide To Robotics’ ChatGPT Moment.
