Is Now the Time to Buy Artificial Intelligence (AI) Stock Symbotic?
Artificial intelligence became a hot topic in 2023, and that's understandable given how much potential AI holds for business transformation. One example is the AI developed by Symbotic (NASDAQ: SYM), which serves as the brain for the company's robotics technology.
Symbotic specializes in providing automation systems to businesses that rely on distribution centers for delivery of products to stores. Symbotic installs and operates an army of robots to boost speed and efficiency at these distribution centers. These machines are managed by artificial intelligence to function seamlessly and safely alongside humans.
The company illustrates the transformative power of AI, but that doesn't mean Symbotic stock is a buy. Many businesses touted AI capabilities this year, but some analysis is required to know if Symbotic is one deserving of your investment dollars. The company completed its fiscal 2023 on Sept. 30, so now is a good time to evaluate if it's a worthwhile stock to own.
Source Fool.com
