Robotics and lidar stocks like Ouster, Aeva Technologies, and Symbotic fell sharply amid a broader pullback in the AI sector. This decline follows tempered revenue forecasts from Anthropic and reports of massive off-balance-sheet AI investments by top tech firms, which have raised concerns about risk. Rising 30-year Treasury yields also pressured long-duration growth stocks, hitting unprofitable lidar companies hardest due to their reliance on long-term adoption. Symbotic, with a solid revenue base and large contracts, saw a smaller decline, appealing to more risk-averse investors. Analysts' price targets remain above current prices, so the market will watch for renewed AI investment momentum or further sell-offs.
Serve Robotics slashed its full-year 2026 revenue guidance to $9-10 million from $26 million, causing its shares to fall 7% and erasing a recent rally. The downgrade was driven by weaker Uber Eats delivery volumes despite new partnerships with Grubhu...
SoftBank Group disclosed that 66.81% of its US equity portfolio is invested in Intel, totaling over $12 billion in shares as of June 30, 2026. This large concentration reflects a strong bet on Intel's semiconductor turnaround, supported by recent str...
A federal court has allowed securities fraud claims against Symbotic Inc. and its CEO Richard B. Cohen to move forward. The claims allege that Symbotic misled investors about accelerating its warehouse automation system deployments, despite ongoing d...
