The Bot Brief

"There is no force on earth more powerful than an idea whose time has come."

- Victor Hugo

Bots in The News:

Tesla’s 14.22% increase in trading last week helped the Bot Index to gain 1.65%. The thirty-stock robotic-led index exceeded the 39-basis point performance of the S & P 500. Joining Tesla in the winning category were a plethora of components that exceeded 4% increases during the week. There were only two companies that showed any weakness, and they were ‘fall backs’ from the previous week’s strength.

3D Systems continued to enjoy investor interest following its announced prospects in purchasing a rival 3-D printing company. The stock jumped 5.39% on top of the prior week’s 16% rise.

Three Japanese components joined the better performers. Cyberdyne rose 7.69% and Yaskawa Electric gained 6.26% and Fanuc improved by 4.18%.

Immersion Corp. rose a bit over 6% following trades of over 5 million shares on June 6. The general trading pattern is around 300,000 per day. The dramatic volume led Simply Wall Street to publish an article regarding the significant institutional interest in the haptics company.

Lincoln Electric gained 4.79% as investors enjoyed a Zacks’ article pointing out the strength of the company’s balance sheet and the continual improvement in both revenue and earnings growth.

We’ll See About This One:

With much fanfare, Apple introduced its new Apple Vision Pro headset this week at the WWDC 2023 event. The company made the bold prediction that the AR-VR product will “be the device that replaces your iPhone of the future.”

While the product will be available in early 2024, the hefty price tag estimated to be around $3,500, is likely to limit initial sales. Labeled a ‘spatial computer’, the technology is a giant leap forward in terms of camera, vision, computing which displays augments reality content within