If You'd Invested $2,000 in Symbotic in 2022, This Is How Much You Would Have Today
Symbotic (NASDAQ: SYM) became one of the market's hottest artificial intelligence (AI) stocks upon its public debut on June 8, 2022. The producer of autonomous warehouse robots went public by merging with a special purpose acquisition company (SPAC), and the combined company's shares opened at $10.54 on the first day before skyrocketing to an all-time high of $63.54 on July 31, 2023. But today Symbotic's stock trades at about $39.
Therefore, a $2,000 investment in Symbotic on its opening trading day would have grown to over $12,000 before pulling back to about $7,400. Let's see why the bulls rushed toward Symbotic, and if its shares can climb even higher in the future.
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Source Fool.com
