Qualcomm CEO: Robotics Market Set for Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 12 hours ago
0mins
Should l Buy TSLA?
Source: CNBC
- Robotics Market Outlook: Qualcomm CEO Cristiano Amon stated in an interview in Barcelona that the robotics market is expected to scale within the next two years, indicating significant progress in the company's expansion beyond smartphones.
- New Processor Launch: Qualcomm launched its Dragonwing robotics processor in January, aimed at supporting multiple robotics platforms, mirroring its successful strategy in the smartphone sector and showcasing the company's adaptability in emerging markets.
- Market Size Forecasts: McKinsey projects that the general-purpose robotics market could reach $370 billion by 2040, while RBC Capital Markets forecasts a global total addressable market for humanoid robots of $9 trillion by 2050, reflecting the immense potential of robotics technology.
- Advancements in Physical AI: Amon highlighted that advancements in physical AI have made robots significantly more useful, with analysts suggesting that robotics alone could represent a trillion-dollar market opportunity, further emphasizing Qualcomm's strategic importance in this domain.
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Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to fall
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 403.320
Low
25.28
Averages
401.93
High
600.00
Current: 403.320
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Long-Term Development Goals: Musk aims to launch Optimus robots to the public by 2027, and while this vision holds potential, the risks associated with the transition could adversely affect the company's short-term financial performance.
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