$MORN (-0.54%)

Morningstar is more than just stars and numbers - it is a data-driven platform that influences investment decisions worldwide.

Morningstar is known to almost every stock market player, but surprisingly the share still flies largely under the radar. This is probably partly due to the fact that, despite a market capitalization of USD 9.95 billion, the company is not part of the S&P 500 or any other index

The pillars of success

The growth extends across almost all business areas. Morningstar Direct recorded a 6.2 % increase in turnover to USD 209.2 million and the operating result improved by 10.3 % to USD 96.3 million - the margins are extraordinarily high.

If the bears' AI thesis is correct, this segment should actually suffer the most.

Pitchbook once again lived up to its reputation as a growth driver and achieved a 9.8 % increase in sales to USD 166.5 million and an 11.6 % jump in profits to USD 52.8 million.

Morningstar Credit was only just behind with a 9.5 % increase in turnover to USD 85 million, while operating profit improved by 9.3 % to USD 30.5 million. Morningstar Wealth grew by 2.7 % to USD 64.3 million, with organic growth of 7.2 %.

The operating result improved from USD -2.2 million to USD +3.0 million.

The only problem child in the Group is the smallest division. Morningstar Retirement recorded a 2.7 % drop in sales to USD 32.4 million and an 11 % decline in the operating result to USD 15.4 million.

Despite the relatively low growth rates, Morningstar succeeded in increasing its profit significantly.

This is primarily due to continued cost discipline and falling interest costs.

Operating levers

While Morningstar's sales increased by 5.8 % to USD 605.1 million, operating costs rose by only 3.8 % to USD 480.8 million. This in turn led to a 15.3% increase in the operating result to USD 125.1 million.

Furthermore, interest costs fell from USD 10.3 million to USD 7.4 million.

No significant business problems are discernible, even if the share price performance suggests otherwise.

Morningstar has therefore decided to buy back its own shares at a significant pace.

Over the course of the year, the company canceled 766,641 shares, reducing the number of outstanding shares from 42.9 to 42.2 million.

In total, all these factors led to an increase in earnings (non-GAAP) of 19.4%, and an increase of 30.6% according to GAAP.

According to current consensus estimates, earnings are expected to rise by 15% to USD 9.10 per share this year.

Morningstar thus arrives at a forward P/E of 25.9, which is appropriate in view of the current growth rates and the characteristics of the business model. The long-term average P/E is 39.9 and almost always above 30.

Morningstar share: Chart from 24.09.2025, price: USD 235.87 - symbol: MORN | Source: TWS

From a technical perspective, the share has returned to an interesting area. At USD 232, 222 and 212 there are three central Unterstützungen. Furthermore, several long-term upward trends offer additional support here.

It is quite possible that the share could form its final low in this area. If it manages to rise above USD 251, a procyclical upward trend Kaufsignal with possible price targets at USD 270 and USD 282 - 290.

From the bulls' point of view, the share should not fall below USD 212.

https://www.lynxbroker.de/boerse/boerse-kurse/aktien/morningstar-aktie/morningstar-analyse/?a=3355991664&utm_medium=email&utm_source=newsletter&utm_campaign=newsletter-boersenblick&newsletter=true&mc-rss-cache-bypass=2025092506&goal=0_d93daae099-bd59ac46a7-410756260#morningstar-das-erste-mal-seit-jahren-gunstig

After my first post on humanoid robots received a lot of positive feedback, I went into more detail. I later added my favorites in each sector.

In-depth analysis of the value chain, including shovel manufacturers and potential hidden champions

New category: Secondary Key Sectors (Sales, Marketing, Financing)

Additionally: Top 25 companies worldwide, as well as the Top 10 in Europe and the Top 10 in Asia

To help newcomers get up to speed, I’ve included a video link. This will give you an idea of just how far the development of humanoid robotics has come today.

https://www.stern.de/panorama/wissen/humanoider-roboter---wie-reagiert-er-auf-beleidigungen--35996156.html

Thank you for your attention and support 🙏

🌐 1. Humanoid Robot Value Chain (with hidden champions)

1. Research & Chip Design

$ARM (+5.1%) ARM (UK) – CPU IP, energy-efficient processors

$SNPS (+3.34%) Synopsys (US) – EDA software, chip design

$CDNS (+4.01%) Cadence (US) – EDA & Simulation

$PTC PTC (US) – Engineering software, CAD/PLM

$DSY (+0.57%) Dassault Systèmes (FR) – 3D design & digital twin

$SIE (-2.83%) Siemens (DE) – Industrial software & lifecycle management

$ADBE (-0.93%) Adobe (US) – Design, AR/UX

ANSYS (US) – Multiphysics Simulation – Acquired by Synopsys

Altair (US) – CAE, Simulation, Digital Twin – Acquired by Siemens

$HXGBY (-2.55%)
Hexagon (SE) – Measurement Technology & Simulation

$AWE Alphawave IP Group (UK) – High-speed chip IP for AI/robotics

1. Synopsis, 2. Siemens, and 3. Adobe are my top three picks in this sector

2. Manufacturing Technology & Equipment

$ASML (+5.23%) ASML (NL) – Lithography (EUV)

$AMAT (+5.41%) Applied Materials (US) – Semiconductor Equipment

$8035 (+7.04%) Tokyo Electron (JP) – Wafer manufacturing

$KEYS (+5.14%) Keysight Technologies (US) – Measurement Technology

$6857 (+10.49%) Advantest (JP) – Chip Test Systems

$TER (+4.04%) Teradyne (US) – Test systems + cobots

$6954 (+1.35%) Fanuc (JP) – Industrial robots, CNC

$CAT (+2.14%) Caterpillar (US) – Autonomous Machinery

$KU2G KUKA (DE) – Industrial Robots

Comau (IT) – Automation – Not publicly traded

$ROK Rockwell Automation (US) – Industrial automation

$JBL (+1.85%) Jabil (US) – Contract Manufacturing (EMS/ODM)

$KIT (-0.64%) Kitron (NO) – European EMS/ODM manufacturer

$AIXA (+5.86%) Aixtron (DE) – Deposition systems for compound semiconductors

$LRCX (+5.12%)
Lam Research (US) – Etching/deposition systems

$MKSI (+9.01%)
MKS Instruments (US) – Plasma/vacuum technology

$ASM (+5.81%)
ASM International (NL) – Deposition systems

1. ASML, 2. Keysight Technologies, 3. Fanuc are my top 3 in this sector

3. Chip Manufacturing (Foundries)

$TSM (+6.69%) TSMC (TW) – leading foundry

$SMSN Samsung Electronics (KR) – foundry + memory

$GFS (+6.94%) GlobalFoundries (US) – specialty chips

$INTC (+9.91%)
Intel Foundry Services (US) – new Western foundry player

$981
SMIC (CN) – Largest Chinese foundry

$UMC
UMC (TW) – Power, RF, and embedded chips

1. TSMC, 2. Intel, 3. Samsung Electronics are my top 3 in this sector

4. Computing & control unit (“brain”)

$NVDA (+3.8%) Nvidia (US) – GPUs, AI chips

$INTC (+9.91%) Intel (US) – CPUs, FPGAs

$AMD (+9.62%) AMD (US) – CPUs, GPUs

$MRVL (+5.79%) Marvell (US) – network chips

$MU (+4.29%) Micron (US) – Memory

$DELL (+4.22%) Dell Technologies (US) – Edge & Infrastructure

Graphcore (UK) – AI chips (IPU) – not a publicly traded company

Cerebras (US) – Wafer-Scale Engine – not a publicly traded company

SiPearl (FR) – European HPC chip – not a publicly traded company

1. Nvidia, 2. Marvell, 3. Micron are my top 3 in this sector

5. Sensors (“Senses”)

$6758 (-1.1%) Sony (JP) – Image sensors

$6861 (+2.14%) Keyence (JP) – industrial sensors

$STM (+6.5%) STMicroelectronics (FR/IT) – Sensors, MCUs

$TDY Teledyne (US) – optical/infrared sensors

$CGNX (+1.18%) Cognex (US) – Machine Vision

$HON (+3.27%) Honeywell (US) – Sensors, Security

ANYbotics (CH) – Autonomous sensor fusion – not a publicly traded company

$AMBA (+6.38%) Ambarella (US) – Video & computer vision SoCs for real-time image recognition

$OUST
Velodyne Lidar (US) – Lidar sensors – acquired by Ouster

$AMS (+2.72%)
OSRAM (AT/DE) – optical sensors

1. Teledyne, 2. Keyence, 3. Ouster are my top 3 in this sector

6. Actuators & Power Electronics (“Muscles”)

$IFX (+1.56%) Infineon (DE) – Power Electronics

$ON (+1.01%) onsemi (US) – Power & Sensors

$TXN (+0.65%) Texas Instruments (US) – mixed-signal chips

$ADI (+2.12%) Analog Devices (US) – Signal Processing

$PH Parker-Hannifin (US) – Hydraulics/Pneumatics

$MP (+3%) MP Materials (US) – Magnets

$APH (+4.95%) Amphenol (US) – Connectors

$6481 (-0.69%) THK (JP) – Linear guides & actuators

$6324 (+1.71%)
Harmonic Drive (JP) – Precision gearboxes & servo drives for robotics

$6594 (+0.32%)
Nidec (JP) – Electric motors

$6506 (+0.12%)
Yaskawa (JP) – Drives & Robotics

$SU (+1.05%)
Schneider Electric (FR) – Energy & Control Solutions

$ZIL2 (+6.33%)
ElringKlinger (DE) – Battery & Fuel Cell Technology, Lightweight Construction

1. Parker-Hannifin, 2. MP Materials, 3. Infineon are my top 3 in this sector

7. Communications & Networking (“Nerves”)

$QCOM (+6.6%) Qualcomm (US) – Mobile Communications, Edge AI

$ANET (+8.23%) Arista Networks (US) – Networks

$CSCO (-0.71%) Cisco (US) – Networks, Security

$EQIX (+4.15%) Equinix (US) – Data centers

NTT Docomo (JP) – 5G/6G carrier – not a publicly traded company

$VZ Verizon (US) – Telecommunications

$SFTBY SoftBank (JP) – Carrier + Robotics

$ERIC B (-0.82%)
Ericsson (SE) – 5G/IoT infrastructure

$NOKIA (+3.63%)
Nokia (FI) – 5G/6G for Industry

$HPE (+2.1%)
Juniper Networks (US) – Networking – Acquired by HP

1. Arista Networks, 2. SoftBank, 3. Cisco are my top 3 in this sector

8. Energy

$3750 (+0.68%) CATL (CN) – Batteries

$6752 (+1.7%) Panasonic (JP) – Batteries

$373220 LG Energy (KR) – Batteries

$ALB (+1.74%) Albemarle (US) – Lithium

$LYC (-0.83%) Lynas (AU) – Rare Earths

$UMICY (+0%) Umicore (BE) – Recycling

WiTricity (US) – Inductive charging – not a publicly traded company

$ABBN (+0.91%) Charging (CH) – Charging infrastructure

$SLDP
Solid Power (US) – Solid-state batteries

Northvolt (SE) – European batteries – not a publicly traded company

$PLUG
Plug Power (US) – Fuel cells

$KULR (+3.13%)
KULR Technology (US) – Thermal management & battery safety for mobile systems

1. Albemarle, 2. CATL, 3. Panasonic are my top 3 in this sector

9. Cloud & Infrastructure

$AMZN (+1.98%) Amazon AWS (US) – Cloud, AI

$MSFT (+1.13%) Microsoft Azure (US) – Cloud, AI

$GOOG (+2.43%) Alphabet Google Cloud (US) – Cloud, ML

$VRT
Vertiv Holdings (US) – Data Center Infrastructure (UPS, Cooling, Edge)

$ORCL (+2.21%)
Oracle Cloud (US) – ERP + Cloud

$IBM (+0.36%)
IBM Cloud (US) – Hybrid Cloud + AI

$OVH (+7.88%)
OVHcloud (FR) – European Cloud

1. Alphabet, 2. Microsoft, 3. Oracle are my top 3 in this sector

10. Software & Data Platforms

$PLTR (+5.57%) Palantir (US) – Data Integration

$DDOG (+4.3%) Datadog (US) – Monitoring

$SNOW (+2.9%) Snowflake (US) – Data cloud

$ORCL (+2.21%) Oracle (US) – Databases, ERP

$SAP (-2.92%) SAP (Germany) – ERP systems

$SPGI S&P Global (US) – Financial/Market Data

ROS2 Foundation – Robotics Middleware – Not publicly traded

$NVDA (+3.8%) NVIDIA Isaac (US) – Robotics development – part of NVIDIA

$INOD (-12.19%) Innodata (US) – Data annotation & AI training data

$PATH (+1.39%)
UiPath (RO/US) – Robotic Process Automation

$AI (+3.57%)
C3.ai (US) – AI platform

$ESTC (+3.2%)
(NL/US) – Search & Data Analytics

1. S&P Global, 2. Palantir, 3. Datadog are my top 3 in this sector

11. End-user applications / Robots

$ABBN (+0.91%) ABB (CH/SE) – Industrial robots

$6954 (+1.35%) Fanuc (JP) – Industrial Robots

$TSLA (+6.12%) Tesla Optimus (US) – humanoid robot

$9618 (+1.89%) JD.com (CN) – Logistics robots

$AAPL (+0.85%) Apple (US) – Platform & UX

$700 (+0.16%) Tencent (CN) – Platform & AI

$9988 (+2.27%) Alibaba (CN) – Logistics & Platform

PAL Robotics (ES) – humanoid robots - not a publicly traded company

Neura Robotics (DE) – cognitive humanoid robots - not a publicly traded company

$TER (+4.04%) Universal Robots (DK) – cobots - part of Teradyne Corporation

Engineered Arts (UK) – humanoid robots – not a publicly traded company

$ISRG (-1.32%) Intuitive Surgical (US) – surgical robotics

$GMED (-9.21%)
Globus Medical (US) – surgical robotics (ExcelsiusGPS platform)

$7012 (+0.47%) Kawasaki Heavy Industries (JP) – industrial robots, automation

$CPNG (-0.38%) Coupang (KR) – logistics end-users

$IRBT
iRobot (US) – consumer robotics (e.g., Roomba); not humanoid, but features navigation and sensor fusion

Boston Dynamics (US) – humanoid & mobile robots—not a publicly traded company

Hanson Robotics (HK) – humanoid robots (Sophia)—not a publicly traded company

Agility Robotics (US) – “Digit” humanoid robot—not a publicly traded company

1. Apple, 2. Tencent, 3. Alibaba are my top 3 in this sector

🛠 2. Cross-sector enablers (shovel manufacturers) – featuring hidden champions

Raw Materials & Battery Materials

Albemarle · Lynas · Umicore

$SQM
SQM (CL) – Lithium

$ILU (-1.51%)
Iluka Resources (AU) – Rare Earths

$ARR (-0.94%)
American Rare Earths (US/AU) – New supply chains

My top pick in the sector is Albemarle

Manufacturing Technology

ASML · Applied Materials · Tokyo Electron

$LRCX (+5.12%)
Lam Research (US) – Plasma/etching processes

$ASM (+5.81%)
ASM International (NL) – ALD equipment

$MKSI (+9.01%)
MKS Instruments (US) – Plasma/vacuum technology

My top pick in the sector is ASML

Quality Assurance

Keysight · Advantest · Teradyne

$EMR (+1.52%)
National Instruments (US) – Measurement technology – from Emerson Electric Acquired

$300567
ATE Test Systems (CN) – Test systems

$FORM (+13.84%)
FormFactor (US) – Wafer probing

My number one in the sector is Keysight

Motion & Drive

Parker-Hannifin

Festo (Germany) – Pneumatics, Soft Robotics - not a publicly traded company

Bosch Rexroth (DE) – Drives, Controls - not a publicly traded company

$6481 (-0.69%)
THK (JP) – Linear guides

My top choice in the sector is Parker-Hannifin

Sensors/Imaging

$TDY Teledyne

$BSL (-2.48%) Basler (DE) – Industrial cameras

FLIR (US) – Thermal imaging sensors – Acquired by Teledyne

ISRA Vision (DE) – Machine vision – not a publicly traded company

My top pick in the sector is Teledyne

Magnets & Materials

MP Materials

$6501 (+2.23%)
Hitachi Metals (JP) – Magnetic Materials

VacuumSchmelze (DE) – Magnetic materials – not a publicly traded company

$4063 (+0.28%)
Shin-Etsu Chemical (JP) – Specialty materials

My top pick in the sector is MP Materials

Chip Design & Simulation

Synopsys · Cadence · ARM

$SIE (-2.83%)
Siemens EDA (DE/US)– Mentor Graphics—a strategic business unit of Siemens AG

Imagination Tech (UK) – GPU IP – not a publicly traded company

$CEVA (+10.96%)
CEVA (IL) – Signal processor IP

My top pick in the sector is Synopsys

Engineering & Lifecycle

PTC · Dassault · Siemens

Altair (US) – Simulation – no longer a publicly traded company

$HXGBY (-2.55%)
Hexagon (SE) – Measurement Technology

$SNPS (+3.34%)
ANSYS (US) – Simulation – Acquired by Synopsys

My top pick in the sector is Siemens

Networks & Data Centers

Arista · Cisco · Equinix

$HPE (+2.1%)
Juniper (US) – Networks – Acquisition by HPE

$DTE (+0.5%)
T-Systems (DE) – Industrial Cloud

$OVH (+7.88%)
OVHcloud (FR) – European cloud

My top pick in the sector is Arista

Cloud Infrastructure

AWS · Azure · Google Cloud

$ORCL (+2.21%)
Oracle Cloud (US) – ERP & Databases

$IBM (+0.36%)
IBM Cloud (US) – Hybrid Cloud

$9988 (+2.27%)
Alibaba Cloud (CN) – Asian cloud

$VRT
Vertiv Holdings (US) – Cloud/Infrastructure

My top pick in the sector is Alphabet (Google)

Financial/Information Infrastructure

S&P Global

$MCO (-1.09%)
Moody’s (US) – Ratings

$MSCI (-1.57%)
MSCI (US) – Indices

$MORN (-0.54%)
Morningstar (US) – Investment Research

My top pick in the sector is S&P Global

Creative/Experience Infrastructure

Adobe

$ADSK (-2.13%)
Autodesk (US) – CAD & Design

$U
Unity (US) – 3D/AR Simulation

Epic Games (US) – Unreal Engine – not a publicly traded company

My top pick in the sector is Adobe

Platform & Ecosystem

Apple · Tencent · Alibaba

$META (+3.1%)
Meta (US) – AR/VR, Social Robotics

ByteDance (CN) – AI & Platforms – not a publicly traded company

$9888 (+2.8%)
Baidu (CN) – AI & Cloud

My top pick in the sector is Tencent

Infrastructure/Edge

Dell

$HPE (+2.1%)
HPE (US) – Edge Computing

$SMCI
Supermicro (US) – AI Servers

$6702 (-2.67%)
Fujitsu (JP) – Edge & HPC

My top pick in this sector is Dell

Storage Solutions

Micron

$HY9H
SK Hynix (KR) – Memory

$285A (+6.56%)
Kioxia (JP) – NAND

$WDC
Western Digital (US) – Storage solutions

My top pick in the sector is Micron

🏛 3. Secondary Key Sectors with Hidden Champions

Financing & Capital

$GS (+0.62%) Goldman Sachs (US) – Investment bank; ECM/DCM, M&A, growth financing

$MS Morgan Stanley (US) – Investment bank; tech banking, capital markets

$BLK (+1.49%) BlackRock (US) – Asset manager; capital allocation, ETFs/index funds

$9984 (+2.68%) SoftBank Vision Fund (JP) – Mega-VC; growth equity in robotics/AI

Sequoia Capital (US) – Venture capital; early-stage/growth in AI/robotics – This is a classic venture capital fund

DARPA (US) – government R&D funding (robotics/defense) – independent research and development agency

EU Horizon (EU) – research funding/grants for DeepTech – Innovative Europe pillar

China State Funds (CN) – Government Industry/Technology Funds

Lux Capital (US) – VC for DeepTech - Uptake (US) – AI-based predictive maintenance

DCVC (US) – Focus on robotics and AI – Invests exclusively through VC fund investments

Speedinvest (AT) – EU VC for robotics – Investment is only available through fund participations

My number one in the sector is SoftBank

Maintenance & Service

$SIE (-2.83%) Siemens (DE) – Industrial Services, Lifecycle & Retrofit

$ABBN (+0.91%) ABB (CH/SE) – Robotics services, spare parts, field support

$GEHC (-0.95%) GE Healthcare (US) – Medtech services, including robotic systems

Uptake (US) – AI-based predictive maintenance – not a publicly traded company

Augury (US/IL) – Condition monitoring, condition diagnostics – not a publicly traded company

$KU2 KUKA Service (DE) – Robotics maintenance

$6954 (+1.35%) Fanuc Service (JP) – Global service network

Boston Dynamics AI Institute (US) – Robotics Longevity – funded by Hyundai Motor Group

My top pick in the sector is Siemens

Marketing & Advertising

$WPP (-0.81%) WPP (UK) – global advertising group; branding/communications

$OMC Omnicom (US) – marketing/PR network

$PUB (-0.39%) Publicis (FR) – communications/advertising group

$META (+3.1%) Meta (US) – digital ads (Facebook/Instagram)

$GOOG (+2.43%) Google Ads (US) – Search & Display Advertising

TikTok / ByteDance (CN) – Social Ads & Distribution - not a publicly traded company

$AAPL (+0.85%) Apple (US) – branding/UX; adoption & platform marketing

$WPP (-0.81%)
AKQA (UK/US) – Tech branding – Since 2012, majority-owned by the WPP Group, but continues to operate as autonomous operating unit

R/GA (US) – Innovation Marketing – not a publicly traded company

Serviceplan (DE) – Largest independent EU agency – not a publicly traded company

My number one in the sector is Meta

Law, Regulation & Ethics

ISO (CH) – international standards, robotics standards

TÜV (DE) – certification & safety testing

UL (US) – safety/conformity testing

EU AI Act (EU) – legal framework for AI & robotics

UNESCO AI Ethics (UN) – global ethical guidelines

Fraunhofer IPA (DE) – Robotics safety standards

ANSI (US) – Standards

IEC (CH) – Electrical Engineering Standards

Education & Talent

MIT (US) – Robotics/AI Research & Education

ETH Zurich (CH) – Autonomous Systems & Robotics

Stanford (US) – AI/Robotics Labs & Spin-offs

Tsinghua University (CN) – Robotics/AI in Asia

CMU (US) – Robotics Institute

EPFL (CH) – Robotics Research

TU Munich (DE) – “Roboy” humanoid robot

🌍 Top 25 Companies in Humanoid Robotics

These companies are crucial to the development and production of humanoid robots, because without them, crucial parts of the chain would be missing:

Chips & computing power (the robots’ brains)

$NVDA (+3.8%) Nvidia (US) – AI GPUs & Isaac platform, the foundation for robotics AI

$2330 TSMC (TW) – the world’s leading foundry, produces AI chips

$ASML (+5.23%) ASML (NL) – EUV lithography, indispensable for chip manufacturing

$005930 Samsung Electronics (KR) – memory, logic, foundry

$HY9H SK Hynix (KR) – DRAM & NAND memory for AI

$MU (+4.29%) Micron (US) – memory solutions for AI workloads

My top pick in the sector is ASML

Sensors & Perception (Robots’ Senses)

$SONY Sony (JP) – Image sensors, market leader

$6861 (+2.14%) Keyence (JP) – Industrial Sensors & Vision Systems

$CGNX (+1.18%) Cognex (US) – Machine vision, precise image processing

My top pick in this sector is Keyence

Actuators & Motion (Robot Muscles)

$IFX (+1.56%) Infineon (DE) – Power Electronics, Motor Control

$6594 (+0.32%) Nidec (JP) – Global market leader in electric motors

$PH Parker-Hannifin (US) – Hydraulics/Pneumatics, Motion Control

$6481 (-0.69%) THK (JP) – Linear guides & actuators

My top pick in this sector is Parker-Hannifin

Communications, Cloud & Infrastructure (Nerves & Data Flow)

$QCOM (+6.6%) Qualcomm (US) – Mobile & edge chips

$AMZN (+1.98%) Amazon AWS (US) – Cloud & AI infrastructure

$MSFT (+1.13%) Microsoft Azure (US) – Cloud, AI services

$CSCO (-0.71%) Cisco (US) – Networks & Security

$VRT Vertiv Holdings (US) – Data Center Infrastructure

My top pick in this sector is Microsoft

End-User Applications & Platforms (Robots Themselves)

$TSLA (+6.12%) Tesla (US) – humanoid robots Optimus

$ABBN (+0.91%) ABB (CH/SE) – Robotics & Automation

$6954 (+1.35%) Fanuc (JP) – industrial robots & CNC systems

$7012 (+0.47%) Kawasaki Heavy Industries (JP) – industrial robots

PAL Robotics (ES) – humanoid robots (TALOS, ARI, TIAGo) – not a publicly traded company

Neura Robotics (DE) – cognitive humanoid robots – not a publicly traded company

Universal Robots (DK) – cobots

My top pick in the sector is Tesla

🇪🇺 Top 10 European Key Companies in Humanoid Robotics

$ASML (+5.23%)
ASML (NL)

Global market leader in EUV lithography – without ASML, there would be no modern chips for AI & robotics.

$IFX (+1.56%) Infineon (DE)

A leader in power electronics and motor control—crucial for the actuators of humanoid robots.

$STM (+6.5%)
STMicroelectronics (FR/IT)

Sensors, microcontrollers, and power chips—the foundation for control and perception.

$SAP (-2.92%)
SAP (DE)

ERP & data platforms, essential for integrating humanoid robots into industrial processes.

$SIE (-2.83%)
Siemens (DE)

Industrial software, automation, Digital Twin—key to engineering and lifecycle management.

$KU2 KUKA (DE)

Robotics pioneer, industrial robots & automation—expertise in humanoid motion mechanics.

PAL Robotics (ES) - not a publicly traded company

Specialist in humanoid robots (TALOS, ARI, TIAGo), used internationally in research and service.

Neura Robotics (DE) - not a publicly traded company

Young high-tech company developing cognitive humanoid robots with advanced AI (4NE-1).

Universal Robots (DK) - not a publicly traded company

Market leader in cobots—a platform for safe human-robot collaboration.

Engineered Arts (UK) - not a publicly traded company

Develops humanoid robots such as Ameca, known for realistic facial expressions and gestures—important for HRI (Human-Robot Interaction)

🌏 Top 10 Key Asian Companies in Humanoid Robotics

$2330
TSMC (Taiwan)

The world’s largest semiconductor foundry, producing high-end chips (e.g., Nvidia, AMD, Apple)—without TSMC, there would be no AI hardware.

$005930
Samsung Electronics (South Korea)

Foundry, memory, logic chips, image sensors—extremely broad portfolio of robotics components.

$HY9H
SK Hynix (South Korea) – Memory

$SONY
Sony (Japan)

Market leader in CMOS image sensors, essential for robotic vision and perception.

$6861 (+2.14%)
Keyence (Japan)

Sensors and machine vision for industrial automation, widely used in robotics.

$6954 (+1.35%)
Fanuc (Japan)

Industrial robots and CNC systems; one of the world’s leading manufacturers of robotics hardware.

$6506 (+0.12%)
Yaskawa Electric (Japan)

Drives, motion control, and robotic arms—relevant for humanoid motion control.

$6594 (+0.32%)
Nidec (Japan)

Global market leader in electric motors (ranging from mini motors to high-performance drives).

$7012 (+0.47%)
Kawasaki Heavy Industries (JP) – Industrial robots

$9618 (+1.89%)
JD.com (China)

A driving force in robotics for e-commerce and logistics; invests in humanoid robotics applications