Symbotic (NASDAQ: SYM) and UiPath (NYSE: PATH) both help companies streamline tasks and cut costs by automating tasks with artificial intelligence (AI). Symbotic processes pallets and cases in large warehouses with its automated robots and software, while UiPath plugs its AI algorithms into a company’s software to automate repetitive jobs like entering data, processing invoices, […]
Warehouse automation specialist Symbotic (NASDAQ: SYM) reported quarterly results that beat or matched Wall Street expectations, but investors wanted more. Shares of Symbotic traded down more than 20% as of 10:30 a.m. ET as the market ponders whether the stock has gotten ahead of results. A good quarter, but was it good enough? Symbotic shares […]
Shares of Symbotic (NASDAQ: SYM), which makes artificial intelligence (AI)-enabled robotics technology for supply chains, dropped 18.7% in Monday’s after-hours trading following the company’s release of its report for the first quarter of fiscal 2024 (ended Dec. 30, 2023). This sell-off was likely largely due to the quarter’s revenue “only” meeting Wall Street’s consensus estimate, […]
Symbotic (SYM), a maker of robotic technologies for automating warehouses, late Monday reported in-line results for its fiscal first quarter ended Dec. 30. But SYM stock plummeted in extended trading after the report. X The Wilmington, Mass.-based company reported $14 million in adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA. Sales rose 79% […]
Advanced Micro Devices (NASDAQ: AMD) and Symbotic (NASDAQ: SYM) have both posted explosive stock performance over the past year. Their share prices are up 130% and 180%, respectively, as of this writing, and both look poised to see long-term benefits from the rise of artificial intelligence (AI). While AMD has made big gains thanks to […]