Amazon Is Throwing Billions at Warehouse Robotics: What That Means for Symbotic's Stock.

Amazon (NASDAQ: AMZN) recently announced that it would spend at least €10 billion ($11.4 billion) to modernize its European fulfillment network with robots over the next few years. These robots include Proteus, its fully autonomous warehouse robot; STARK, which picks up heavy bins from conveyor belts and stacks them into carts; and Vulcan, its first tactile-sensing robot that can handle a wide variety of packaging shapes and materials with extreme precision.Will Amazon's robotics expansion create headwinds for Symbotic (NASDAQ: SYM), or could it accelerate the automation arms race and drive its stock even higher?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool