If You'd Invested $1,000 in Symbotic Stock in 2022, Here's How Much You'd Have Today
For many investors, Symbotic (NASDAQ: SYM) is the right stock at the right time. The next-generation warehouse-robotics software specialist is at the forefront of the artificial intelligence (AI) revolution, as it harnesses this technology to make the machines "smarter" and more effective.
AI is hot among market players now, and Symbotic is a hot stock in the industry. Let's look at how it's performed since its June 2022 initial public offering (IPO), and whether the company's popularity is justified.
To put a dollar figure to it, $1,000 invested in Symbotic on its first trading day (June 8, 2022, if you want to be precise) would be worth $2,560 today. In other words, in barely over a year and a half, the stock doubled and then some.
Source Fool.com
