Symbotic Stock Rises 27%. Here’s Why the AI-Robot Company Is Surging.

Symbotic Stock Rises 27%. Here’s Why the AI-Robot Company Is Surging.·Barrons.com

Shares of Symbotic were soaring after the AI-enabled robotics technology company turned in a strong quarter and offered upbeat financial guidance. Symbotic stock surged at one point 27% to $38.89, on track for its largest daily percentage increase in nearly a year, according to Dow Jones Market Data. For its fourth fiscal quarter, ended Sept. 28, the company reported earnings of 5 cents per share, a swing from the loss of 8 cents per share recorded a year prior.

Advertisement