Robotics Stocks Surged on Wednesday. Here's Why.
Robotics stocks had a strong day on Wednesday, with shares of pure-play robotics companies soaring and those of non-pure-play companies -- meaning they have operations other than those related to robotics -- also receiving boosts.
The catalyst was a Politico article stating that President Trump is considering signing an executive order in the new year to accelerate the development of robots in the United States. The article cited "people familiar with the discussions [with leaders of robotics companies] who were granted anonymity to share details."
Such an executive order (or orders, plural) would follow the Trump administration's several executive orders on artificial intelligence (AI) signed this year to accelerate the country's lead in AI and keep China from catching up.
Source Fool.com
