Goldman Sachs projects a $138 billion humanoid robot market by 2035, creating a massive new demand stream for semiconductor and automation providers as physical AI moves into the industrial mainstream.
Nvidia's chips are essential for physical AI, and the humanoid robot market could generate up to $39 billion in annual semiconductor demand.
Tesla's Optimus program stands to benefit from the projected growth in humanoid robot shipments.
Amazon's extensive use of robotics and potential for $72 billion in cumulative savings from automation could boost margins.
Goldman Sachs published a bullish report on humanoid robots, but the direct impact on its own stock is limited.
Morgan Stanley's bullish humanoid robot forecast is noted but has minimal direct impact on its stock.
RBC's forecast of a $9 trillion humanoid market is noted but has minimal direct impact on its stock.
Goldman Sachs has significantly upgraded its 2035 humanoid robot shipment forecast to 6.5 million units, projecting a market value of $138 billion. The bank highlights that physical AI, powered by semiconductor-heavy robotics, represents a major industrial shift, with potential annual chip demand reaching $39 billion. Analysts suggest focusing on picks-and-shovels suppliers like Nvidia rather than individual robot manufacturers.
The bank cites faster AI advancements, falling hardware costs, and increased investment in physical automation as key drivers for the sector's growth.
It refers to investing in the essential hardware and semiconductor companies that supply all robot manufacturers, rather than attempting to pick a single winning robot brand.