Nvidia’s stock has been the multi-bagger that everyone on Wall Street has been talking about. NVDA stock has widely outperformed the market, giving investors a massive 2,000% return in the last five years. It continued the trend last year as well, climbing 179% despite trading sideways for the second half of the year.

According to IFR, the US manufacturing companies have invested significantly in automation, and the industrial robot installations surged by 12% to 44,303 units in 2023. Whereas, robotics installations in the electrical and electronics industry increased to 5,120 units in 2023, up by 37% year-over-year.