The German stock market was weak on Tuesday. Pressure was exerted on the indices not least by weak US stock markets, following the absence of trading in the USA on Monday due to Labor Day. The Dax slipped more sharply below the psychologically important 24,000-point mark, which has come back into focus since last week.

"Recently, buyers have always entered the market at the 24,000-point threshold," commented portfolio manager Thomas Altmann from QC Partners. "However, it is quite conceivable that this buying threshold will gradually shift downwards."

At lunchtime, the leading German index was down 1.1 percent at 23,784 points. The MDax fell below 30,000 points. Most recently, the index of medium-sized companies lost 1.8 percent to 29,914 points.

With regard to the USA, the main focus is on the reaction of the US stock markets after an appeals court denied President Donald Trump the authority to impose far-reaching tariffs on imported products on Friday, citing an emergency law.

"In Asian trade, the continuing uncertainty about the economic impact of the US punitive tariffs was used for profit-taking," said market expert Andreas Lipkow. In view of the power struggle taking place behind the scenes around the US Federal Reserve, there are currently many questions and the upcoming meeting in September is the subject of much discussion.

"An interest rate cut is far from a foregone conclusion." The upcoming economic data from the US, such as the labor market report on Friday, is therefore likely to play an important role. "Many new risk clusters are currently forming, which could still cause considerable fluctuations on the financial markets."

Among the individual stocks in the Dax, the FMC-Aktie ($FMC (-2,74 %) ) brought up the rear, losing 4.9 percent. A sell recommendation from the major Swiss bank UBS weighed on the stock. Analyst Graham Doyle referred to structural risks with regard to business development in the USA and the danger of falling consensus estimates for the operating result.

Siemens ($SIE (-0,31 %) ) fell by 2.8 percent. They suffered from a downgrade to "market perform" by Bernstein Research. Analyst Nicholas Green justified his move with the strong share price gains in recent years. Commerzbank ($CBK (-1,87 %) ) , downgraded to "Equal-weight" by Morgan Stanley, lost 2.4 percent. At the current valuation level, analyst Alvaro Serrano wrote that further progress in the Frankfurt-based company's business plan is needed first.

In the SDax the share price of SMA Solar ($S92 (+1,95 %) ) fell by 28 percent. The manufacturer of inverters for photovoltaic systems lowered its forecast for the current year and now expects an operating loss. The restructuring efforts that have already been initiated are to be intensified further.

The fact that the motor manufacturer Deutz ($DEZ (+2,98 %) ) is expanding its still small business in the defense market with the planned acquisition of the Sobek Group. The share gained 6.0 percent at the top of the index. The Sobek Group is a drive specialist for drones.

$SIE (-0,31 %)

I remain invested.

The multi-billion euro tender for a large part of the Berlin S-Bahn network has been decided after years of delays.

According to the Deutsche Presse-Agentur, the contract for important north-south and east-west connections was awarded to a consortium consisting of Deutsche Bahn, Stadler Rail and Siemens. The consortium prevailed over its competitor Alstom, which can still take legal action against the decision.

The largest award procedure for local public transport in Europe involves a contract volume of around 15 billion euros. It includes the operation of several S-Bahn lines from the 2030s for 15 years, the delivery of 1,400 new carriages and vehicle maintenance for 30 years.

To date, the so-called north-south and light rail sub-networks have been operated by the rail subsidiary S-Bahn Berlin GmbH, as has the Ringbahn. The latter was not part of the tender launched by the states of Berlin and Brandenburg in 2020.

https://www.finanzen.net/nachricht/aktien/jahrelange-haengepartie-siemens-aktie-steigt-konsortium-ergattert-mega-auftrag-fuer-berliner-s-bahn-14785911

Siemens supplies trains for regional rail line - purchase recommendation from the USA

https://www.ecoreporter.de/artikel/siemens-liefert-z%C3%BCge-f%C3%BCr-regionalbahn-linie-kaufempfehlung-aus-den-usa/

Bank of America (BofA) has put together a basket of stocks to list the winners of the German infrastructure package.

The basket contains 14 stocks that the US bank expects to benefit in particular.

• The German technology group Siemens
  $SIE (-0,31 %) (weighted at 10.3 percent, as of August 21)
• The French construction group Eiffage $FGR (+0,71 %) (9 percent)
• The German building materials manufacturer Heidelberg Materials
  $HEI (-3,48 %) (8.8 percent)
• The German energy technology group Siemens Energy $ENR (+0,78 %) (8.6 percent)
• The German truck manufacturer Daimler Truck
  $DTG (-2,76 %) (8.4 percent)
• The Italian building materials company Buzzi S.p.A.
  $BZU (-1,6 %) (7.9 percent)
• The Swiss cement group Holcim $HOLN (-1,4 %) (7.6 percent)
• The Swiss chemicals group Sika AG $SIKA (+0,13 %)
  
  (7.4 percent)
• The German forklift manufacturer Kion
  $KGX (+2,02 %) (6.7 percent)
• The French communications and energy company Spie $SPIE (+1,6 %) (6.4 percent)
• The German industrial group Thyssen-Krupp $TKA (+1,71 %) (6.4 percent)
• The German wind turbine manufacturer Nordex
  $NDX1 (+1,08 %) (4.6 percent)
• The Swedish steel group SSAB $SSAB A (-1,64 %)
  
  (4.1 percent)
• The German industrial services provider Bilfinger
  $GBF (+4,23 %) (4.0 percent)

Hopes for the infrastructure package have already caused the shares to rise significantly in some cases in recent months. Since the beginning of the year, the shares included in the basket have risen by around 47 percent. BofA has been offering the share basket to its major clients since the beginning of July.

Despite the jump in the prices of many infrastructure stocks in the first half of the year, BofA manager Klein is confident that the stocks in the basket will continue to rise. According to him, it now depends on when the investments really show up in the profits of the companies.

Oliver Schneider, portfolio advisor at US asset manager Wellington, says: "In the past six to nine months, investor interest in infrastructure stocks has grown rapidly." This is particularly true for European investors.

He cites two factors that he believes will drive infrastructure stocks worldwide in the future. Firstly, there is a great need to modernize infrastructure. Secondly, the demand for electricity is growing due to artificial intelligence. Schneider says: "This is a growth topic that will be with us for the next ten to 20 years."

Source: Text (excerpt) & graphic, Handelsblatt 01.09.25

Hello my dears,

Today I received a question from the dear one @BamBamInvest . It was about which companies I have already looked at in the field of robotics and especially humanoid robots.

Because the answer has become a little longer. I would like to share it with the community here once again.

My dears and my dear @BamBamInvest ,

I have already @EpsEra already made some great posts on this topic. Which I also commented on. And I actually see Japan as an innovative player here. Japan is an ageing society in which, among other things, humanoids are supposed to solve the problem. Like in nursing homes, for example.

Unfortunately, one major player has completely run away from me $7012 (-0,77 %) Kawasaki , and I'm still trying to find a way in somehow.

I also see very strong $6954 (+0,38 %) .

FANUC CORP. is a Japanese company active in the field of electrical equipment. The group works in particular on automation and basic technologies for servos and robots.

One supplier in the field of industrial robots that I like is $6481 (-1,68 %) . I have also made a post about this .

https://getqu.in/fZudqX/

Just as in the AI sector, Softbank is of course also involved in humanoids,

You should also keep an eye on South Korea. Unfortunately Hyundai)Kia has been delisted from the stock exchange, here I see Boston Dynamik as very strong.

Nvidia $NVDA (-0,04 %) is one of the key players in this area. AI and humanoid robots are interlinked.

I could imagine that we will see something in this sector from $SIE (-0,31 %) Siemens or Bosch in this sector.

But there are a number of start-ups in Germany in particular, some of which were even founded at universities.

I wouldn't want to underestimate them under any circumstances.

$GFT (-0,47 %) has now also entered into a partnership with Neura Robotic and is supplying the AI software. In my opinion, Neura's humanoids are already very advanced.

For me, AI and humanoids are also connected. And so many AI players are also becoming players here.

As already mentioned, networking via the cloud will play a role, making the major cloud providers interesting.

Optimus would also be the only reason for me to invest in $TSLA (+0,92 %) to invest.

The Chinese company UBTECH Robotics, with its humanoid Walker S, which is already in use at Nio and BYD, should also be mentioned.

Figure AI cooperates with BMW, for example. Figure AI is also working with OpenAI to develop generative AI for humanoid robots, and its investors include NVIDIA, Microsoft and Amazon.

Sanctuary AI with the humanoid Phoenix has a partnership with $MSFT (+0,16 %) Microsoft.

$AMZN (+0,13 %) Amazon has a partnership with Agility Robotics. And uses Digit in the warehouses.

You should also have heard of AgiBot (a startup from Shanghai).

I think there will be a few IPOs in the humanoid sector in the near future.

Teradyne is the TÜV for robots.

$TER (-0,5 %) is a player in industrial robots. Teradyne currently takes a critical view of the industrial use of humanoid robots and is deliberately focusing on practical, ready-to-use automation solutions - in particular collaborative robotic arms (Universal Robots) and autonomous transport robots (MiR).

$APH (+1,1 %) amphenol supplies the nerve pathways for the humanoid, in the form of cables and connectors. And, of course, the spare parts.

$ROK (-0,02 %) supplies the muscles.

Rockwell Automation, Inc. is an American manufacturer of automation and information solutions for industrial production

$MELE (-3,3 %) is a Belgian company with a market capitalization of 3 billion, is very strong in the sensors that are needed. And is on my watch.

$JBL (+0,45 %) Jabil is a contract manufacturer for humanoids. Which has also already considered whether it could build its own humanoids.

(But you should wait for a reset here).

Also on the Watch $HEXA B (+0,58 %) Hexagon.

A Swedish company in the field of sensors. And is now bringing out a humanoid robot itself.

Medical and industrial robots

Accuray $ARAY (-1,56 %) develops medical robotic solutions for the radiotherapy of cancer patients. The robot-controlled radiosurgery system can track tumor movement during therapy in real time and correct it if necessary.

$CGNX (-1,33 %) Cognex Corp.

The company manufactures machine vision devices used in manufacturing and production for automated processes. These include surface inspection systems and modular image processing systems used in intelligent technologies.

Cognex Corp. is one of the prime stocks in the Industry 4.0 investment trend

Yaskawa Electric Corp.

$6506 (+1,41 %) The Japanese machine manufacturer has its expertise in the production of industrial robots and frequency converters "AC Drivers" for controlling the power supply to machines.

Manz AG (according to @Aktienfox insolvent)

$M5Z (-3,62 %) Industry 4.0

Manz manufactures and develops machines and systems for production and is one of the world's leading suppliers.

Manz AG is one of the prime stocks in the Industry 4.0 investment trend

Family-owned company

High-tech provider of production systems. The company is divided into 3 divisions: Electronics, Solar and Energy Storage. Dieter Manz, as Chairman and CEO, currently holds 37.3% of the voting rights.

$COH (-0,16 %)

Anyone investing in these areas should be aware of this. We will have drawdowns.

It has always been the same with new technologies in the past.

But patience will be rewarded in the long term.

And we should be prepared now so as not to miss the boat.

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

Extended analysis of the value chain including shovel manufacturers and potential hidden champions

New categorySecondary key sectors (sales, marketing, financing)

AdditionallyTop 25 companies worldwide, as well as Top 10 Europe and Top 10 Asia

I have also added a video link for beginners. This will give you an idea of how far the development of humanoid robotics has already progressed.

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

Thank you for your attention and your support 🙏

🌐 1. value chain of humanoid robots (with hidden champions)

1. research & chip design

$ARM (-0,35 %) ARM (UK) - CPU-IP, energy-efficient processors

$SNPS (-0,18 %) Synopsys (US) - EDA software, chip design

$CDNS (+1,06 %) Cadence (US) - EDA & Simulation

$PTC PTC (US) - Engineering Software, CAD/PLM

$DSY (+0,06 %) Dassault Systèmes (FR) - 3D Design & Digital Twin

$SIE (-0,31 %) Siemens (DE) - Industrial Software & Lifecycle Mgmt

$ADBE (+0 %) Adobe (US) - Design, AR/UX

ANSYS (US) - multiphysical simulation - acquisition by Synopsis

Altair (US) - CAE, simulation, digital twin - acquisition by Siemens

$HXGBY (+1,08 %)
Hexagon (SE) - Metrology & Simulation

$AWE (-0,59 %) Alphawave IP Group (UK) - High-speed chip IP for AI/robotics

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

2. manufacturing technology & equipment

$ASML (+0,64 %) ASML (NL) - Lithography (EUV)

$AMAT (-0,89 %) Applied Materials (US) - Semiconductor equipment

$8035 (-1,07 %) Tokyo Electron (JP) - wafer fabrication

$KEYS (+0,84 %) Keysight Technologies (US) - Metrology

$6857 (+3,03 %) Advantest (JP) - Chip test systems

$TER (-0,5 %) Teradyne (US) - test systems + cobots

$6954 (+0,38 %) Fanuc (JP) - Industrial robots, CNC

$CAT (-0,07 %) Caterpillar (US) - autonomous machines

$KU2G KUKA (DE) - industrial robots

Comau (IT) - automation - not listed on the stock exchange

$ROK (-0,02 %) Rockwell Automation (US) - industrial automation

$JBL (+0,45 %) Jabil (US) - contract manufacturing (EMS/ODM)

$KIT (+0,54 %) Kitron (NO) - European EMS/ODM manufacturer

$AIXA (-0,99 %) Aixtron (DE) - deposition equipment for compound semiconductors

$LRCX (+1,25 %)
Lam Research (US) - Etch/deposition systems

$MKSI (-1,85 %)
MKS Instruments (US) - Plasma/vacuum technology

$ASM (-1,02 %)
ASM International (NL) - Deposition systems

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

3. chip manufacturing (foundries)

$TSM (+1,17 %) TSMC (TW) - leading foundry

$005930 Samsung Electronics (KR) - foundry + memory

$GFS (-0,91 %) GlobalFoundries (US) - specialty chips

$INTC (-1,06 %)
Intel Foundry Services (US) - new western foundry player

$981
SMIC (CN) - largest Chinese foundry

$UMC
UMC (TW) - Power/RF/Embedded chips

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

4. computing & control unit ("brain")

$NVDA (-0,04 %) Nvidia (US) - GPUs, AI chips

$INTC (-1,06 %) Intel (US) - CPUs, FPGAs

$AMD (-0,39 %) AMD (US) - CPUs, GPUs

$MRVL (-3,49 %) Marvell (US) - Network Chips

$MU (+0,04 %) Micron (US) - Memory

$DELL (+2,23 %) Dell Technologies (US) - Edge & Infrastructure

Graphcore (UK) - AI chips (IPU) - not a listed company

Cerebras (US) - Wafer-scale engine - not a listed company

SiPearl (FR) - European HPC chip - not a listed company

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

5. sensors ("senses")

$6758 (+0,06 %) Sony (JP) - image sensors

$6861 (+2,02 %) Keyence (JP) - Industrial sensors

$STM (-1,78 %) STMicroelectronics (FR/IT) - Sensors, MCUs

$TDY Teledyne (US) - optical/infrared sensors

$CGNX (-1,33 %) Cognex (US) - Machine Vision

$HON (-1,31 %) Honeywell (US) - sensor technology, security

ANYbotics (CH) - autonomous sensor fusion - not a listed company

$AMBA (-1,54 %) Ambarella (US) - video & computer vision SoCs for real-time image recognition

$OUST
Velodyne Lidar (US) - Lidar sensors - acquisition by Ouster

$AMS (-0,15 %)
-OSRAM (AT/DE) - optical sensors

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

6. actuators & power electronics ("muscles")

$IFX (-4,38 %) Infineon (DE) - Power Electronics

$ON (-1,82 %) onsemi (US) - Power & Sensors

$TXN (-2,04 %) Texas Instruments (US) - Mixed-Signal Chips

$ADI (-0,97 %) Analog Devices (US) - Signal Processing

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

$MP (-2,41 %) MP Materials (US) - Magnets

$APH (+1,1 %) Amphenol (US) - Connectors

$6481 (-1,68 %) THK (JP) - Linear guides & actuators

$6324 (-2,79 %)
Harmonic Drive (JP) - Precision gears & servo drives for robotics

$6594 (-5,65 %)
Nidec (JP) - Electric motors

$6506 (+1,41 %)
Yaskawa (JP) - Drives & Robotics

$SU (+2,53 %)
Schneider Electric (FR) - Energy & control solutions

$ZIL2 (-1,16 %)
ElringKlinger (DE) - Battery & fuel cell technology, lightweight construction

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

7. communication & networking ("nerves")

$QCOM (-0,96 %) Qualcomm (US) - mobile communications, edge AI

$ANET (+1,26 %) Arista Networks (US) - Networks

$CSCO (-0,09 %) Cisco (US) - Networks, Security

$EQIX (-2,08 %) Equinix (US) - Data centers

NTT Docomo (JP) - 5G/6G carrier - not a listed company

$VZ Verizon (US) - Telecommunications

$SFTBY SoftBank (JP) - Carrier + Robotics

$ERIC B (+0,61 %)
Ericsson (SE) - 5G/IoT infrastructure

$NOKIA (+2,1 %)
Nokia (FI) - 5G/6G for industry

$HPE (-1,16 %)
Juniper Networks (US) - Network technology - acquisition by HP

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

8. energy supply

$3750 (+1,31 %) CATL (CN) - Batteries

$6752 (+1,85 %) Panasonic (JP) - Batteries

$373220 LG Energy (KR) - Batteries

$ALB (-0,09 %) Albemarle (US) - Lithium

$LYC (+1,02 %) Lynas (AU) - Rare earths

$UMICY (+0,63 %) Umicore (BE) - Recycling

WiTricity (US) - inductive charging - not a listed company

$ABBN (+0,72 %) Charging (CH) - charging infrastructure

$SLDP
Solid Power (US) - Solid state batteries

Northvolt (SE) - European batteries - not a listed company

$PLUG
Plug Power (US) - fuel cells

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

9. cloud & infrastructure

$AMZN (+0,13 %) Amazon AWS (US) - Cloud, AI

$MSFT (+0,16 %) Microsoft Azure (US) - Cloud, AI

$GOOG (+0,7 %) Alphabet Google Cloud (US) - Cloud, ML

$VRT
Vertiv Holdings (US) - Data center infrastructure (UPS, cooling, edge)

$ORCL (-1,32 %)
Oracle Cloud (US) - ERP + Cloud

$IBM (+1,01 %)
IBM Cloud (US) - Hybrid cloud + AI

$OVH (-1,26 %)
OVHcloud (FR) - European cloud

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

10. software & data platforms

$PLTR (-1,77 %) Palantir (US) - Data integration

$DDOG (-2,28 %) Datadog (US) - Monitoring

$SNOW (-4,61 %) Snowflake (US) - Data Cloud

$ORCL (-1,32 %) Oracle (US) - Databases, ERP

$SAP (+1,21 %) SAP (DE) - ERP systems

$SPGI S&P Global (US) - financial/market data

ROS2 Foundation - robotics middleware - not listed on the stock exchange

$NVDA (-0,04 %) NVIDIA Isaac (US) - robotics development - part of Nvidia

$INOD (-2,01 %) Innodata (US) - data annotation & AI training data

$PATH (-0,64 %)
UiPath (RO/US) - Robotic process automation

$AI (-11,7 %)
C3.ai (US) - AI platform

$ESTC (+0,44 %)
(NL/US) - Search & data analysis

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

11. end applications / robots

$ABB ABB (CH/SE) - Industrial Robots

$6954 (+0,38 %) Fanuc (JP) - Industrial robots

$TSLA (+0,92 %) Tesla Optimus (US) - humanoid robot

$9618 (-1,33 %) JD.com (CN) - logistics robot

$AAPL (-0,2 %) Apple (US) - Platform & UX

$700 (+0,11 %) Tencent (CN) - Platform & AI

$9988 (-1,46 %) Alibaba (CN) - logistics & platform

PAL Robotics (ES) - humanoid robots - not a listed company

Neura Robotics (DE) - cognitive humanoid robots - not a listed company

$TER (-0,5 %) Universal Robots (DK) - cobots - belongs to the Teradyne Corporation

Engineered Arts (UK) - humanoid robots - not a listed company

$ISRG (-5,9 %) Intuitive Surgical (US) - surgical robotics

$GMED (-1,46 %)
Globus Medical (US) - surgical robotics (ExcelsiusGPS platform)

$7012 (-0,77 %) Kawasaki Heavy Industries (JP) - industrial robots, automation

$CPNG (-0,35 %) Coupang (KR) - Logistics end user

$IRBT (-2,14 %)
iRobot (US) - consumer robotics (e.g. Roomba), non-humanoid, but navigation/sensor fusion

Boston Dynamics (US) - humanoid & mobile robots-no listed company

Hanson Robotics (HK) - humanoid robots (Sophia) - not a listed company

Agility Robotics (US) - humanoid robot "Digit" - not a listed company

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

🛠 2. cross enablers (shovel manufacturers) - with hidden champions

Raw materials & battery materials

Albemarle - Lynas - Umicore

$SQM
SQM (CL) - Lithium

$ILU (+2,92 %)
Iluka Resources (AU) - Rare earths

$ARR (-4,56 %)
American Rare Earths (US/AU) - New supply chains

my number 1 in the sector is Albemarle

manufacturing technology

ASML - Applied Materials - Tokyo Electron

$LRCX (+1,25 %)
Lam Research (US) - Plasma/etching processes

$ASM (-1,02 %)
ASM International (NL) - ALD equipment

$MKSI (-1,85 %)
MKS Instruments (US) - Plasma/vacuum technology

my number 1 in the sector is ASML

Quality assurance

Keysight - Advantest - Teradyne

$EMR (-1,47 %)
National Instruments (US) - Measurement technology - from Emerson Electric adopted

$300567
ATE Test Systems (CN) - test systems

$FORM (-0,41 %)
FormFactor (US) - Wafer probing

my number 1 in the sector is Keysight

Motion & Drive

Parker-Hannifin

Festo (DE) - Pneumatics, Soft Robotics - not a listed company

Bosch Rexroth (DE) - Drives, Controls - not a listed company

$6481 (-1,68 %)
THK (JP) - Linear guides

my number 1 in the sector is Parker-Hannifin

Sensors/Imaging

$TDY Teledyne

$BSL (+3,23 %) Basler (DE) - Industrial cameras

FLIR (US) - Thermal imaging sensors - acquisition by Teledyne

ISRA Vision (DE) - Machine Vision - not a listed company

my number 1 in the sector is Teledyne

Magnets & Materials

MP Materials

$6501 (-2,83 %)
Hitachi Metals (JP) - Magnetic materials

VacuumSchmelze (DE) - Magnetic materials - not a listed company

$4063 (-0,92 %)
Shin-Etsu Chemical (JP) - Specialty materials

my number 1 in the sector is MP Materials

Chip Design & Simulation

Synopsys - Cadence - ARM

$SIE (-0,31 %)
Siemens EDA (DE/US)-Mentor Graphics-strategic business unit of Siemens AG

Imagination Tech (UK) - GPU-IP - not a listed company

$CEVA (-0,53 %)
CEVA (IL) - Signal Processor IP

my number 1 in the sector is Synopsys

Engineering & Lifecycle

PTC - Dassault - Siemens

Altair (US) - Simulation - no longer a listed company

$HXGBY (+1,08 %)
Hexagon (SE) - Metrology

$SNPS (-0,18 %)
ANSYS (US) - Simulation - takeover by Synopsys

my number 1 in the sector is Siemens

Networks & Data Centers

Arista - Cisco - Equinix

$HPE (-1,16 %)
Juniper (US) - Networks - Acquisition of HPE

$DTE (-0,83 %)
T-Systems (DE) - Industry cloud

$OVH (-1,26 %)
OVHcloud (FR) - European cloud

my number 1 in the sector is Arista

Cloud infrastructure

AWS - Azure - Google Cloud

$ORCL (-1,32 %)
Oracle Cloud (US) - ERP & databases

$IBM (+1,01 %)
IBM Cloud (US) - Hybrid Cloud

$9988 (-1,46 %)
Alibaba Cloud (CN) - Asian Cloud

$VRT
Vertiv Holdings (US) - Cloud/Infra

my number 1 in the sector is Alphabet (Google)

finance/information infra

S&P Global

$MCO
Moody's (US) - Ratings

$MSCI (-0,69 %)
MSCI (US) - Indices

$MORN
Morningstar (US) - Investment Research

my number 1 in the sector is S&P Global

Creative/Experience Infra

Adobe

$ADSK (-0,82 %)
Autodesk (US) - CAD & Design

$U
Unity (US) - 3D/AR simulation

Epic Games (US) - Unreal Engine - not a listed company

my number 1 in the sector is Adobe

Platform & Ecosystem

Apple - Tencent - Alibaba

$META (-0,06 %)
Meta (US) - AR/VR, Social Robotics

ByteDance (CN) - AI & platforms - not a listed company

$9888 (-0,04 %)
Baidu (CN) - AI & Cloud

my number 1 in the sector is Tencent

Infrastructure/Edge

Dell

$HPE (-1,16 %)
HPE (US) - Edge Computing

$SMCI
Supermicro (US) - AI servers

$6702 (-2,78 %)
Fujitsu (JP) - Edge & HPC

my number 1 in the sector is Dell

storage solutions

Micron

$000660
SK Hynix (KR) - Memory

$285A (+0,33 %)
Kioxia (JP) - NAND

$WDC
Western Digital (US) - Storage solutions

my number 1 in the sector is Micron

🏛 3. secondary key sectors with hidden champions

Financing & Capital

$GS (+0,34 %) Goldman Sachs (US) - investment bank; ECM/DCM, M&A, growth financing

$MS Morgan Stanley (US) - investment bank; tech banking, capital markets

$BLK (-1,33 %) BlackRock (US) - asset manager; capital allocation, ETFs/index funds

$9984 (-3,09 %) SoftBank Vision Fund (JP) - mega VC; growth equity in robotics/AI

Sequoia Capital (US) - venture capital; early/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) - state industry/technology fund

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

DCVC (US) - Robotics & AI focus - investing exclusively via VC fund investments

Speedinvest (AT) - EU VC for robotics - access to investment only via fund investments

my number 1 in the sector is Softbank

Maintenance & Service

$SIE (-0,31 %) Siemens (DE) - Industrial Service, Lifecycle & Retrofit

$ABBN (+0,72 %) ABB (CH/SE) - Robotics Service, Spare Parts, Field Support

$GEHC (+0,76 %) GE Healthcare (US) - Medtech service incl. robotic systems

Uptake (US) - AI-based predictive maintenance - not a listed company

Augury (US/IL) - condition monitoring, condition diagnostics - not a listed company

$KU2 KUKA Service (DE) - Robotics maintenance

$6954 (+0,38 %) Fanuc Service (JP) - global service network

Boston Dynamics AI Institute (US) - Robotics longevity - funded by Hyundai Motor Group

my number 1 in the sector is Siemens

Marketing & Advertising

$WPP (+0,89 %) WPP (UK) - global advertising group; branding/communications

$OMC Omnicom (US) - marketing/PR network

$PUB (+2,08 %) Publicis (FR) - communications/advertising group

$META (-0,06 %) Meta (US) - Digital Ads (Facebook/Instagram)

$GOOG (+0,7 %) Google Ads (US) - search & display advertising

TikTok / ByteDance (CN) - social ads & distribution - not a listed company

$AAPL (-0,2 %) Apple (US) - Branding/UX; Acceptance & Platform Marketing

$WPP (+0,89 %)
AKQA (UK/US) - Tech branding - Since 2012 majority owned by the WPP Groupbut continues to operate as an autonomous operating unit

R/GA (US) - Innovation marketing - not a listed company

Serviceplan (DE) - largest independent EU agency - not a listed company

my number 1 in the sector is Meta

Law, Regulation & Ethics

ISO (CH) - international standards, robotics standards

TÜV (DE) - certification & safety tests

UL (US) - safety/conformity testing

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

UNESCO AI Ethics (UN) - global ethics guidelines

Fraunhofer IPA (DE) - Robotics safety standards

ANSI (US) - standards

IEC (CH) - Electrical engineering standards

Training & 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) - humanoid robot "Roboy"

🌍 Top 25 companies for humanoid robotics

These companies are central to the development & production of humanoid robotsbecause without them, crucial parts of the chain would be missing:

Chips & computing power (brain of the robots)

$NVDA (-0,04 %) Nvidia (US) - AI GPUs & Isaac platform, foundation for robotic AI

$2330 TSMC (TW) - world's most important foundry, produces the AI chips

$ASML (+0,64 %) ASML (NL) - EUV lithography, indispensable for chip production

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

$000660 SK Hynix (KR) - DRAM & NAND memory for AI

$MU (+0,04 %) Micron (US) - Memory solutions for AI workloads

my number 1 in the sector is ASML

Sensors & perception (senses of robots)

$SONY Sony (JP) - image sensors, market leader

$6861 (+2,02 %) Keyence (JP) - Industrial sensors & vision systems

$CGNX (-1,33 %) Cognex (US) - Machine Vision, precise image processing

my number 1 in the sector is Keyence

Actuators & motion (muscles of robots)

$IFX (-4,38 %) Infineon (DE) - power electronics, motor control

$6594 (-5,65 %) Nidec (JP) - World market leader for electric motors

$PH Parker-Hannifin (US) - hydraulics/pneumatics, motion technology

$6481 (-1,68 %) THK (JP) - Linear guides & actuators

my number 1 in the sector is Parker-Hannifin

Communication, cloud & infrastructure (nerves & data flow)

$QCOM (-0,96 %) Qualcomm (US) - Mobile & Edge Chips

$AMZN (+0,13 %) Amazon AWS (US) - Cloud & AI infrastructure

$MSFT (+0,16 %) Microsoft Azure (US) - Cloud, AI services

$CSCO (-0,09 %) Cisco (US) - Networks & Security

$VRT Vertiv Holdings (US) - Data Center Infrastructure

my number 1 in the sector is Microsoft

End Applications & Platforms (robots themselves)

$TSLA (+0,92 %) Tesla (US) - humanoid robot Optimus

$ABBN (+0,72 %) ABB (CH/SE) - Robotics & Automation

$6954 (+0,38 %) Fanuc (JP) - industrial robots & CNC systems

$7012 (-0,77 %) Kawasaki Heavy Industries (JP) - industrial robots

PAL Robotics (ES) - humanoid robots (TALOS, ARI, TIAGo) - not a listed company

Neura Robotics (DE) - cognitive humanoid robots - not a listed company

Universal Robots (DK) - cobots

my number 1 in the sector is Tesla

🇪🇺 Top 10 European key companies for humanoid robotics

$ASML (+0,64 %)
ASML (NL)

World market leader in EUV lithography - no modern chips for AI & robotics without ASML.

$IFX (-4,38 %) Infineon (DE)

Leading in power electronics & motor control - crucial for actuators of humanoid robots.

$STM (-1,78 %)
STMicroelectronics (FR/IT)

Sensors, microcontrollers & power chips - the basis for control & perception.

$SAP (+1,21 %)
SAP (DE)

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

$SIE (-0,31 %)
Siemens (DE)

Industrial software, automation, digital twin - key for engineering & lifecycle management.

$KU2 KUKA (EN)

Robotics pioneer, industrial robots & automation - know-how for humanoid motion mechanics.

PAL Robotics (ES) - not a listed company

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

Neura Robotics (DE) - Not a listed company

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

Universal Robots (DK) - Not a listed company

Market leader for cobots - platform for safe human-robot collaboration.

Engineered Arts (UK) - not a listed company

Develops humanoid robots such as Amecaknown for realistic facial expressions & gestures - important for HRI (Human-Robot Interaction)

🌏 Top 10 Asian key companies for humanoid robotics

$2330
TSMC (Taiwan)

World's largest semiconductor foundry, produces high-end chips (e.g. Nvidia, AMD, Apple) - no AI hardware without TSMC.

$005930
Samsung Electronics (South Korea)

Foundry, memory, logic chips, image sensors - extremely broadly positioned in robotics components.

$000660
SK Hynix (KR) - Memory

$SONY
Sony (Japan)

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

$6861 (+2,02 %)
Keyence (Japan)

Sensor technology & machine vision for industrial automation, widely used in robotics.

$6954 (+0,38 %)
Fanuc (Japan)

Industrial robots & CNC systems, one of the most important manufacturers of robotics hardware worldwide.

$6506 (+1,41 %)
Yaskawa Electric (Japan)

Drives, motion control & robot arms - relevant for humanoid motion control.

$6594 (-5,65 %)
Nidec (Japan)

World market leader for electric motors (from mini motors to high-performance drives).

$7012 (-0,77 %)
Kawasaki Heavy Industries (JP) - Industrial robots

$9618 (-1,33 %)
JD.com (China)

Driver for robotics in e-commerce & logistics, invests in humanoid robotics applications

I wanted to refresh my wife's portfolio and not just put it into an MSCI World or FTSI World. So I asked ChatGPT how I can set up a savings plan with the following conditions:

Individual positions < 10%

Individual stocks: Siemens AG, Microsoft, BTC and gold

Defense industry

Construction and infrastructure sector

Momentum

Robots sector

AI sector

Nuclear industry

The following constrellation came out at 2x200€/month:

Individual stocks: 32%

8% Siemens AG $SIE (-0,31 %) 2x16€ =32,00 €

8% Microsoft $MSFT (+0,16 %) 2x16€ =32,00 €

8% Bitcoin $BTC (-0,22 %) 2x16€=32,00 €

8% Gold $WGLD (+0,45 %) 2x16€=32,00 €

ETFs 68%:

20% multifactor ETF $IBCZ (-0,18 %) 2x 40€ = 80€

12% Robotics ETF $AAKI (-0,32 %) 2x 24€ = 48 €

12% AI ETF $INTL (-0,12 %) 2x24€ = 48 €

12% Nuclear ETF $NUKL (+1,86 %) 2x24€ = 48 €

7% Infrastructure ETF $EXV8 (-0,25 %) 2x14€ = 28 €

5% Defense ETF $ASWC (-0,52 %) 2x10€ = 20 €

Why all this:

The selection offers better access to momentum in the short, medium and long term and less vola in the overall picture. A total of 570 companies are included and 2 assets.

I would be very happy to receive feedback or suggestions. Thank you!

I am currently restructuring my portfolio and would like to keep the ACWI as the core and have a mix of growth and quality individual stocks with a long investment horizon as satellites. I have currently selected the following stocks:

$NVDA (-0,04 %)

$GOOGL (+0,67 %)

$AMZN (+0,13 %)

$2330

$BRK.B (-0,03 %)

$ASML (+0,64 %)

$V (+0,17 %)

$NOVO B (+0,23 %)

$FTNT (-0,83 %)

$SOFI (-2,2 %)

$CSU (+0,26 %)

However, this selection is very tech and USA focused. Do you have any suggestions or alternatives? For example, I have $LIN (-0,76 %) , $SAP (+1,21 %) , $SIE (-0,31 %) and $CAT (-0,07 %) or $DE (-1,42 %) on the watchlist. What do you think?

$SIE (-0,31 %)

🟢 Siemens Q3 2025 - Key data

• Order intake: €24.8 billion (+25%)
• Sales: €19.4 billion (+3%)
• Operating result (Industrial Business): € 2.82 billion - Margin 14.9%
• Group result: € 2.24 billion (+5%)
• Free cash flow: € 2.92 billion (+38%)
• Expected EPS (2025, pre PPA): 10,40-11,00 € - Outlook confirmed

✅ Conclusion: Very strong order intake growth (especially Mobility), solid margin & cash flow - Siemens remains on growth track.

At 54 billion euros, the 40 companies listed in Germany's leading index, the Dax, paid out as much to their shareholders this year as in the previous record year.

However, only 21.7 billion euros of these dividends, three percent less than in the previous year, went to domestic investors. 26.9 billion euros were transferred abroad. That was 2.4% more than a year ago and more than ever before.

52.6 percent of shares in the top listed companies are in the hands of foreign investors. Only one third of Dax shares are still held in Germany - almost one percentage point less than in the previous year. Around 14 percent of shares cannot be clearly allocated to a specific region.

This is shown by a recent study by management consultants EY, which was made available to Handelsblatt in advance. According to the study, 24 of the 40 DAX companies, three more than in the previous year, are predominantly held by foreign investors.

The highest foreign share is held by diagnostics specialist $QGEN (-0,58 %) Qiagen with 93 percent, followed by the chemicals trader $BNR (+0,1 %) Brenntag with 88 percent. The aviation supplier $MTX (+0,36 %) MTU , the real estate group $VNA (+0,21 %) Vonovia and the Frankfurt stock exchange operator $DB1 (+0,98 %) Deutsche Börse, four out of five shares are held in foreign portfolios.

The highest transfer abroad was made by $ALV (-0,79 %) Allianz. The insurer, 58 percent of whose shares are held outside Germany, paid dividends of just under 3.5 billion euros to foreign investors after its Annual General Meeting on May 8. Just under 2.5 billion euros flowed into the accounts of German investors.

The industrial group $SIE (-0,31 %) Siemens, the car manufacturer $MBG (+0,08 %) Mercedes and the telecommunications provider $DTE (-0,83 %) Deutsche Telekom each transferred more than two billion euros to foreign investors. The shares of all four companies have been among the highest dividend-paying stocks in the DAX for years: measured in terms of the absolute amount, but also in terms of the yield and reliability of the distributions.

US investors in particular have significantly increased their exposure to the top German companies in recent years, while at the same time investors from other European countries have become more cautious: Since 2010, the proportion of North American investors in those DAX companies for which corresponding time series are available has risen from 17.1 to currently 25.4 percent. The proportion of European investors, on the other hand, fell from 25.7% to 22.9%.

Henrik Ahlers, Chairman of the EY Management Board, sees the strong commitment of foreign investors as "proof of the continued attractiveness of top German companies and the trust that these companies enjoy worldwide". Although the problems of Germany as a business location are well known, "most DAX companies are now so strongly positioned worldwide that Germany is just one of many markets".

According to Ahlers, the recent good share price performance also testifies to the trust that top German companies continue to enjoy worldwide. It proves the reputation and credibility of major German corporations on the global market.

Source (excerpt) & graphic (excerpt): Handelsblatt, 04.08.25

$SIE (-0,31 %)

Another 8 Vectrons for Egypt were transferred from Braunschweig to Ziltendorf on July 25.

These are the locomotives 1192 011, 016, 013, 012, 015, 007, 009 and 008.

As part of the contract for a 2,000 km long high-speed system, Siemens is supplying 41 class 1192 locomotives for freight traffic together with 41 eight-car Velaros and 94 four-car Desiro HC regional EMUs to Egypt.

Norman Gottberg

https://www.lok-report.de/news/deutschland/mit-der-kamera-notiert/item/60226-acht-weitere-vectrons-fuer-aegypten.html