Robotics Stocks: 7 Biggest Companies

Share price: US$459.55; market cap: US$1.14 trillion

NVIDIA is the biggest producer of graphics processing units (GPUs) for computers. Alongside GPUs, the company also offers its DGX artificial intelligence (AI) supercomputers, which are used at sites around the world.

The company is using AI for robotics at its Seattle-based NVIDIA AI Robotics Research Lab, which is focused on developing the next generation of robots for industries such as manufacturing, logistics and healthcare.

In October 2023, NVIDIA announced the expansion of two of its frameworks, the NVIDIA Isaac Robot Operating System and NVIDIA Metropolis, on the NVIDIA Jetson platform for edge AI and robotics.

Share price: US$459.24; market cap: US$177.44 billion

Thermo Fisher Scientific is one of the world’s most respected brands in healthcare, scientific research, safety and education. Its products and services cover a broad range of high-end analytical instruments, chemistry and consumable supplies, automated laboratory robotics and software designed primarily for medical researchers, clinicians and scientists.

Thermo Fisher Scientific recently partnered with Celltrio, a manufacturer of robotics-based solutions for the life science industry, to provide fully automated cell culture systems to biotherapy researchers.

Share price: US$120.72; market cap: US$134.36 billion

Qualcomm’s specialty is designing and manufacturing semiconductors, software and wireless telecommunications products. In recent years, the company has devoted attention to AI-related technologies such as on-device AI, edge cloud AI and technologies that combine 5G and AI. These technologies also underlie Qualcomm’s advancements in the robotics space.

The Qualcomm Robotics RB6 Platform is aimed at developing next-generation robotics such as autonomous mobile robots, delivery robots, highly automated manufacturing robots, urban air mobility aircrafts and autonomous defense solutions.

Share price: US$186.61; market cap: US$134.36 billion

Engineering and technology company Honeywell International develops and manufactures technological solutions for a variety of sectors, including energy, security, safety, productivity and global urbanization. Its four business divisions are: aerospace; building technologies; performance materials and technologies; and safety and productivity solutions.

For more than a quarter century, Honeywell’s smart robotics technologies — including autonomous mobile robots and order-picking AI-powered robots — have provided warehouse automation solutions targeting transport, order picking, palletizing and depalletizing.

Share price: US$275;market cap: US$104.47 billion

Stryker, the next top robotics stock on this list, is also a leading medical technology company. The company makes medical equipment, instruments and surgical robotics for healthcare systems worldwide. Its surgical robotics systems incorporate health data and AI to improve health outcomes for patients.

Stryker’s Mako robotic arm system for assisted joint replacement surgery can be used in partial knee, total hip and total knee surgeries. According to Robert Cohen, president of digital, robotics and enabling technologies at Stryker, the company is looking to expand Mako to shoulder and spine surgery applications. The company anticipates an H2 2024 launch for both.

Stryker launched Ortho Q Guidance, its fully autonomous guidance system for knee and hip procedures, in July 2023. The platform is designed to allow for the integration of robotics technology.

Share price: US$278.69; market cap: US$98.12 billion

Another leader in surgical robotics, Intuitive Surgical introduced its original da Vinci minimally invasive surgical system in 2002, making it the first completely robotic surgical system to receive clearance from the US Food and Drug Administration.

Intuitive Surgical now provides a suite of its da Vinci robotics-assisted surgical systems to doctors and hospitals, and they are used by surgeons across all 50 US states and 66 countries around the world. The company’s revenue for 2022 totaled US$6.22 billion, an increase of 8.97 percent compared to 2021.

Share price: US$72.48; market cap: US$96.44 billion

Medtronic is one of the largest medical device manufacturing companies in the world. The firm’s technologies include cardiac devices, surgical robotics, insulin pumps, surgical tools and patient monitoring systems.

In late 2022, Medtronic announced that the first patient had enrolled in Expand URO, a multi-center, single-arm study to evaluate the safety and performance of the Hugo robotic-assisted surgery system for urologic procedures. The company claims the new robot-assisted surgery platform “is more flexible and cost-effective than systems presently on the market.”

The first commercial North American surgical procedure using Hugo took place in June 2023 at Canada's Toronto General Hospital. “We’re looking forward to partnering with Canadian health systems to help address efficient and effective delivery of care through world-class robotic surgery programs," Medtronic Canada President Sheri Dodd stated. "We’re here to support clinician adoption of RAS care so that together we can contribute to improved patient experiences and outcomes."