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Dear Community,

After $ONDS (+0,86%) joined our community project last Tuesday Tenbagger der Zukunft and is often used as discussion material in the community anyway, I would like to introduce the company to you below. I am gradually approaching the scope of a deep dive. :)

I look forward to your feedback!

__________________________

🏢 Short description

Ondas Holdings is a provider of autonomous drone and robotic systems (Ondas Autonomous Systems) and private wireless network solutions (Ondas Networks). The products (such as the Optimus or Iron Drone platforms) are primarily aimed at safety-critical areas, defense, rail transport and critical infrastructure. Most recently, the company has benefited massively from the global increase in demand for drone defense and autonomous surveillance systems.

_________________________

🏢 1. company data

• Founded: 2012 (as American Robotics & Ondas Networks).
• Headquarters: Waltham, Massachusetts (USA).
• Industry: Robotics / autonomous systems & wireless networks.
• Business model: Ondas provides a vertical platform for industrial drones (Ondas Autonomous Systems) and private, highly secure wireless networks (Ondas Networks) for critical infrastructure such as rail transportation and utilities.
• Employees: Approx. 150-200 (strong focus on R&D).

_________________________

📈 2. finances & company value (as of Q3 2025)

• Market capitalization: Approx. USD 5.1 bn.
• Revenue growth (YoY): +582 % (increase to USD 10.1 million in Q3).
• Explanation: The percentage increase in sales compared to the same quarter of the previous year. An indicator of extreme scaling.
• Net cash (net liquidity): USD 433.4 million (pro forma after capital increases up to USD 840.4 million).
• Explanation: Cash and cash equivalents less current liabilities. A buffer for acquisitions and operations.
• Orders on hand (backlog): USD 23.3 million.
• Explanation: The value of orders that have not yet been processed but are already fixed.
• Gross margin: 26 %.
• Explanation: Proportion of sales remaining after deduction of direct manufacturing costs (COGS).
• Operating margin (EBIT): -153 %.
• Explanation: Indicates operating profitability; shows the high level of investment in growth and development.

_________________________

📊 3. valuation ratios (Is the share expensive or cheap?)

• P/E ratio (price/earnings ratio): Negative / Not applicable.
• Explanation: Shows how many years it will take for the company to generate its market value as profit. As Ondas is still unprofitable (net loss in Q3: USD 7.5 million), there is no value here.
• P/S ratio (price/sales ratio): approx. 142.
• Explanation: puts the market capitalization (currently approx. USD 5.1 billion) in relation to annual sales (forecast for the full year 2025: at least USD 36 million). An extremely high value, which shows that the market is already pricing in massive future growth.
• EV/EBITDA & PEG ratio: Negative / Not applicable.
• Explanation: EV/EBITDA adjusts the valuation for debt/cash, the PEG ratio puts the P/E ratio in relation to earnings growth. As Ondas is still burning cash operationally, these metrics do not (yet) apply here.

_________________________

💰 4. profitability & margins (how efficient is the company?)

• Gross margin (gross margin): 26% (as at Q3 2025).
• Explanation: Shows how much of revenue is left over after deducting direct production costs (Q3: USD 2.6 million profit on USD 10.1 million revenue). Management is aiming for 50% in the long term.
• Operating margin (EBIT margin): Strongly negative (-153 % in Q3).
• Explanation: What is left after deducting all running costs? Ondas had an operating loss of USD 15.5 million in Q3. The massive growth causes high costs.
• ROIC (Return on Invested Capital) & FCF margin: Negative.
• Explanation: ROIC shows the return on invested capital, the FCF margin shows the percentage share of hard cash flow in sales. The company is in an extreme growth and investment phase and is still burning cash in its operations.

_________________________

🛡️ 5. Balance sheet quality & financial health (How secure is the company?)

• Net cash (net liquidity): Excellent. Cash balance of USD 433.4m (as of Q3 2025).
• Explanation: Does the company have more cash than debt? Yes! After further capital increases in October 2025, the pro forma cash balance was even a gigantic USD 840.4 million.
• Equity ratio & debt-to-equity (debt-to-equity ratio): Very much improved.
• Explanation: Shows the ratio of own funds to borrowed funds. Ondas raised around USD 855 million in 2025 by issuing new shares (equity) and simultaneously reducing convertible bonds. The balance sheet is now extremely solid.
• Current ratio: Extremely high.
• Explanation: Can current liabilities be covered by current assets (cash)? (Should be >1). Thanks to the massive cash injection, Ondas is completely on the safe side here.

_________________________

🚁 6. specific industry key figures (growth & order situation)

(As Ondas is not a cloud/SaaS provider, we look at industry metrics instead of "Rule of 40" or "NRR")

• Revenue growth (YoY): +582 % (Q3 2025).
• Explanation: The percentage growth compared to the same quarter last year. Sales exploded from USD 1.5 million to USD 10.1 million.
• Orders on hand (backlog): USD 23.3 million (as at Q3 2025).
• Explanation: The value of orders that have already been signed but not yet processed. A key indicator for predictable future sales (has more than doubled since the beginning of 2025).

________________________

⚔️ 7. Overview of competitors

The market for autonomous drones and security solutions is competitive. The most important competitors include:

• Skydio: A US leader in autonomous drones for inspections.
• AeroVironment $AVAV (-0,82%)
  : Strong in the defense sector (switchblade drones).
• Fortem Technologies: Specialized in drone defense (counter-UAS), similar to parts of the Ondas portfolio.
• Radio communications (networks): Here Ondas competes with industry giants such as Nokia
  $NOKIA (-5,78%) or Ericsson $ERIC B (-0,49%) which also offer private LTE/5G networks for critical infrastructure.

_________________________

💡 8. unique selling propositions (USPs)

Why could Ondas have a "moat"?

1. Full-stack integration: While many competitors only provide the drone (hardware), Ondas offers a "Robot-as-a-Service" (RaaS) model. This includes the drone, the docking station, the analysis software package and the private wireless network.

2. FAA approvals: Ondas is one of the few companies to have received wide-ranging approvals from the US Federal Aviation Administration (FAA) for fully automated flight beyond visual line of sight (BVLOS) - a crucial regulatory advantage.

3. Focus on "mission critical": Unlike hobby drones, Ondas systems are certified for permanent use in hazardous or highly sensitive industrial environments (e.g. chemical plants, railroad tracks).

4. Frequency expertise: Through the acquisition of Sentrycs and the experience at Ondas Networks, the company has deep expertise in proprietary radio communications, making the systems more tamper-proof.

_________________________

⚙️ 9. Opportunities and risks

🟢 Opportunities:

The addressable market for automated defense systems and infrastructure monitoring is growing rapidly. With over USD 800 million in cash and cash equivalents, Ondas now has the necessary "war chest" to quickly gain market share through acquisitions (e.g. Apeiro Motion, Sentrycs) and scaling. The sales target for 2026 is already an ambitious USD 110 million.

🔴 Risks:

The current market capitalization of over USD 5 billion is in extreme contrast to the actual turnover (KUV of >140). Perfect execution for the next few years is already priced in here. In addition, the massive capital increases have led to strong dilution for existing shareholders.

_________________________

Sources:

• Company financials (Q3 2025): Official SEC filings (Form 10-Q) of Ondas Holdings Inc. and the related Earnings Call Transcript dated November 13, 2025 (via Investing.com and ir.ondas.com).
• Market data & key figures: Current share price data, market capitalization and historical trends based on TradingView and Macrotrends.
• Competitor analysis: Company portraits and stock market status (AeroVironment, Nokia, Ericsson) via Wikipedia, Simply Wall St and official investor relations pages.
• Market context & USPs: Industry analysis and competitive advantages (e.g. FAA approvals, counter-UAS focus) via , among others. Nasdaq.com.

NVIDIA is investing $1 billion in Nokia, taking a ~2.9% stake. Together they are building AI-driven RAN and 6G networks, combining the power of NVIDIA's GPU supercomputers with Nokia's telecom infrastructure. This partnership could fundamentally change the way mobile networks are managed: self-learning networks that optimize data traffic, energy consumption and latency in real time.

For investors, this means that Nokia, once seen as a "classic telco supplier," will now be at the center of the AI infrastructure revolution. Although the revenue impact will not be seen until 2026, the partnership with the world's most powerful AI company could spark a new growth cycle. NVIDIA, meanwhile, is expanding its ecosystem of supercomputers in the U.S., further strengthening its position as the hub of the AI era. The market already reacted +20% to the news, but this could be only the beginning of a structural revaluation of the global telecom AI chain. $NVDA (+1,25%)
$NOKIA (-5,78%)

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$DUOL continues to plummet after the really good quarterly figures.

More and more critical voices and fears are coming to light that the company may be completely or largely replaced by already very advanced and sophisticated AI models.

Whether #duolingo the next $NOKIA (-5,78%) or $BB (-4,15%) of the 21st century?

What are your opinions? I actually couldn't find any headlines for today's #dip headlines for today. Does anyone know what!

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)

In additionTop 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 (+11,78%) ARM (UK) - CPU-IP, energy-efficient processors

$SNPS (+1,44%) Synopsys (US) - EDA software, chip design

$CDNS (+0,4%) Cadence (US) - EDA & Simulation

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

$DSY (-0,83%) Dassault Systèmes (FR) - 3D Design & Digital Twin

$SIE (+1,06%) Siemens (DE) - Industrial Software & Lifecycle Mgmt

$ADBE (-0,78%) Adobe (US) - Design, AR/UX

ANSYS (US) - multiphysical simulation - acquisition by Synopsis

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

$HXGBY (+1,07%)
Hexagon (SE) - Metrology & Simulation

$AWE 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 (-0,85%) ASML (NL) - Lithography (EUV)

$AMAT (+3,85%) Applied Materials (US) - Semiconductor equipment

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

$KEYS (+0,23%) Keysight Technologies (US) - Metrology

$6857 (+6,06%) Advantest (JP) - Chip test systems

$TER (+1,62%) Teradyne (US) - test systems + cobots

$6954 (+2,04%) Fanuc (JP) - Industrial robots, CNC

$CAT (+1,17%) Caterpillar (US) - autonomous machines

$KU2G KUKA (DE) - industrial robots

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

$ROK Rockwell Automation (US) - industrial automation

$JBL (+1,43%) Jabil (US) - contract manufacturing (EMS/ODM)

$KIT (+0,42%) Kitron (NO) - European EMS/ODM manufacturer

$AIXA (+2,09%) Aixtron (DE) - deposition equipment for compound semiconductors

$LRCX (+5,28%)
Lam Research (US) - Etch/deposition systems

$MKSI (+2,62%)
MKS Instruments (US) - Plasma/vacuum technology

$ASM (+2,29%)
ASM International (NL) - Deposition systems

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

3. chip manufacturing (foundries)

$TSM (+5,58%) TSMC (TW) - leading foundry

$SMSN Samsung Electronics (KR) - foundry + memory

$GFS (+1,47%) GlobalFoundries (US) - specialty chips

$INTC (-1,22%)
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 (+1,25%) Nvidia (US) - GPUs, AI chips

$INTC (-1,22%) Intel (US) - CPUs, FPGAs

$AMD (+6,13%) AMD (US) - CPUs, GPUs

$MRVL (+5,23%) Marvell (US) - Network Chips

$MU (+8,47%) Micron (US) - Memory

$DELL (+0,85%) 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 (+0,24%) Sony (JP) - image sensors

$6861 (+1,88%) Keyence (JP) - Industrial sensors

$STM (+2,39%) STMicroelectronics (FR/IT) - Sensors, MCUs

$TDY Teledyne (US) - optical/infrared sensors

$CGNX (+0,9%) Cognex (US) - Machine Vision

$HON (-0,82%) Honeywell (US) - sensor technology, security

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

$AMBA (+1,75%) Ambarella (US) - video & computer vision SoCs for real-time image recognition

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

$AMS (-2,38%)
OSRAM (AT/DE) - optical sensors

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

6. actuators & power electronics ("muscles")

$IFX (+3,74%) Infineon (DE) - Power Electronics

$ON (+5,79%) onsemi (US) - Power & Sensors

$TXN (+11,93%) Texas Instruments (US) - Mixed-Signal Chips

$ADI (+6,74%) Analog Devices (US) - Signal Processing

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

$MP (+4,26%) MP Materials (US) - Magnets

$APH (-1,83%) Amphenol (US) - Connectors

$6481 (-1,31%) THK (JP) - Linear guides & actuators

$6324 (+0,29%)
Harmonic Drive (JP) - Precision gears & servo drives for robotics

$6594 (+3,73%)
Nidec (JP) - Electric motors

$6506 (-0,86%)
Yaskawa (JP) - Drives & Robotics

$SU (+1,47%)
Schneider Electric (FR) - Energy & control solutions

$ZIL2 (-2,41%)
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 (+0,27%) Qualcomm (US) - mobile communications, edge AI

$ANET (+2,57%) Arista Networks (US) - Networks

$CSCO (-0,08%) Cisco (US) - Networks, Security

$EQIX (+0,53%) 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 (-0,49%)
Ericsson (SE) - 5G/IoT infrastructure

$NOKIA (-5,78%)
Nokia (FI) - 5G/6G for industry

$HPE (-1,76%)
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 (-3,61%) CATL (CN) - Batteries

$6752 (-0,07%) Panasonic (JP) - Batteries

$373220 LG Energy (KR) - Batteries

$ALB (-2,17%) Albemarle (US) - Lithium

$LYC (-0,37%) Lynas (AU) - Rare earths

$UMICY (-0,46%) Umicore (BE) - recycling

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

$ABBN (+3,78%) 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

$KULR (+4,04%)
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 (+1,71%) Amazon AWS (US) - Cloud, AI

$MSFT (+0,91%) Microsoft Azure (US) - Cloud, AI

$GOOG (+1,68%) Alphabet Google Cloud (US) - Cloud, ML

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

$ORCL (+0,99%)
Oracle Cloud (US) - ERP + Cloud

$IBM (-7,4%)
IBM Cloud (US) - Hybrid cloud + AI

$OVH (+3,26%)
OVHcloud (FR) - European cloud

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

10. software & data platforms

$PLTR (+3,11%) Palantir (US) - Data integration

$DDOG (-0,72%) Datadog (US) - Monitoring

$SNOW (-0,77%) Snowflake (US) - Data Cloud

$ORCL (+0,99%) Oracle (US) - Databases, ERP

$SAP (-3,72%) SAP (DE) - ERP systems

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

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

$NVDA (+1,25%) NVIDIA Isaac (US) - robotics development - part of Nvidia

$INOD (+1,64%) Innodata (US) - data annotation & AI training data

$PATH (-0,75%)
UiPath (RO/US) - Robotic process automation

$AI (+1,27%)
C3.ai (US) - AI platform

$ESTC (+1,82%)
(NL/US) - Search & data analysis

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

11. end applications / robots

$ABBN (+3,78%) ABB (CH/SE) - Industrial Robots

$6954 (+2,04%) Fanuc (JP) - Industrial robots

$TSLA (+4,34%) Tesla Optimus (US) - humanoid robot

$9618 (+0,43%) JD.com (CN) - logistics robot

$AAPL (+2,22%) Apple (US) - Platform & UX

$700 (-1,35%) Tencent (CN) - Platform & AI

$9988 (+0,21%) Alibaba (CN) - logistics & platform

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

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

$TER (+1,62%) Universal Robots (DK) - cobots - belongs to the Teradyne Corporation

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

$ISRG (+9,48%) Intuitive Surgical (US) - surgical robotics

$GMED (+1,56%)
Globus Medical (US) - surgical robotics (ExcelsiusGPS platform)

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

$CPNG (+0,79%) Coupang (KR) - Logistics end user

$IRBT
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 (+5,66%)
Iluka Resources (AU) - Rare earths

$ARR (+3,16%)
American Rare Earths (US/AU) - New supply chains

my number 1 in the sector is Albemarle

manufacturing technology

ASML - Applied Materials - Tokyo Electron

$LRCX (+5,28%)
Lam Research (US) - Plasma/etching processes

$ASM (+2,29%)
ASM International (NL) - ALD equipment

$MKSI (+2,62%)
MKS Instruments (US) - Plasma/vacuum technology

my number 1 in the sector is ASML

Quality assurance

Keysight - Advantest - Teradyne

$EMR (-1,34%)
National Instruments (US) - Measurement technology - from Emerson Electric adopted

$300567
ATE Test Systems (CN) - test systems

$FORM (+3,82%)
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 (-1,31%)
THK (JP) - Linear guides

my number 1 in the sector is Parker-Hannifin

Sensors/Imaging

$TDY Teledyne

$BSL (+0,05%) 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 (-0,46%)
Hitachi Metals (JP) - Magnetic materials

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

$4063 (+0,97%)
Shin-Etsu Chemical (JP) - Specialty materials

my number 1 in the sector is MP Materials

Chip Design & Simulation

Synopsys - Cadence - ARM

$SIE (+1,06%)
Siemens EDA (DE/US)-Mentor Graphics-strategic business unit of Siemens AG

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

$CEVA (+0,96%)
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 (+1,07%)
Hexagon (SE) - Metrology

$SNPS (+1,44%)
ANSYS (US) - Simulation - takeover by Synopsys

my number 1 in the sector is Siemens

Networks & Data Centers

Arista - Cisco - Equinix

$HPE (-1,76%)
Juniper (US) - Networks - Acquisition of HPE

$DTE (-4,97%)
T-Systems (DE) - Industry cloud

$OVH (+3,26%)
OVHcloud (FR) - European cloud

my number 1 in the sector is Arista

Cloud infrastructure

AWS - Azure - Google Cloud

$ORCL (+0,99%)
Oracle Cloud (US) - ERP & databases

$IBM (-7,4%)
IBM Cloud (US) - Hybrid Cloud

$9988 (+0,21%)
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 (+1,15%)
Moody's (US) - Ratings

$MSCI (+2,69%)
MSCI (US) - Indices

$MORN
Morningstar (US) - Investment Research

my number 1 in the sector is S&P Global

Creative/Experience Infra

Adobe

$ADSK (-0,35%)
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 (+0,51%)
Meta (US) - AR/VR, Social Robotics

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

$9888 (-0,11%)
Baidu (CN) - AI & Cloud

my number 1 in the sector is Tencent

Infrastructure/Edge

Dell

$HPE (-1,76%)
HPE (US) - Edge Computing

$SMCI
Supermicro (US) - AI servers

$6702 (+1,21%)
Fujitsu (JP) - Edge & HPC

my number 1 in the sector is Dell

storage solutions

Micron

$HY9H
SK Hynix (KR) - Memory

$285A (+10,38%)
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 (+0,89%) Goldman Sachs (US) - investment bank; ECM/DCM, M&A, growth financing

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

$BLK (+1,82%) BlackRock (US) - asset manager; capital allocation, ETFs/index funds

$9984 (+13,62%) 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 (+1,06%) Siemens (DE) - Industrial Service, Lifecycle & Retrofit

$ABBN (+3,78%) ABB (CH/SE) - Robotics Service, Spare Parts, Field Support

$GEHC (-1,26%) 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 (+2,04%) 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 (-1,62%) WPP (UK) - global advertising group; branding/communications

$OMC Omnicom (US) - marketing/PR network

$PUB (-0,01%) Publicis (FR) - communications/advertising group

$META (+0,51%) Meta (US) - Digital Ads (Facebook/Instagram)

$GOOG (+1,68%) Google Ads (US) - search & display advertising

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

$AAPL (+2,22%) Apple (US) - Branding/UX; Acceptance & Platform Marketing

$WPP (-1,62%)
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 (+1,25%) Nvidia (US) - AI GPUs & Isaac platform, foundation for robotic AI

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

$ASML (-0,85%) ASML (NL) - EUV lithography, indispensable for chip production

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

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

$MU (+8,47%) 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 (+1,88%) Keyence (JP) - Industrial sensors & vision systems

$CGNX (+0,9%) Cognex (US) - Machine Vision, precise image processing

my number 1 in the sector is Keyence

Actuators & motion (muscles of robots)

$IFX (+3,74%) Infineon (DE) - power electronics, motor control

$6594 (+3,73%) Nidec (JP) - World market leader for electric motors

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

$6481 (-1,31%) THK (JP) - Linear guides & actuators

my number 1 in the sector is Parker-Hannifin

Communication, cloud & infrastructure (nerves & data flow)

$QCOM (+0,27%) Qualcomm (US) - Mobile & Edge Chips

$AMZN (+1,71%) Amazon AWS (US) - Cloud & AI infrastructure

$MSFT (+0,91%) Microsoft Azure (US) - Cloud, AI services

$CSCO (-0,08%) 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 (+4,34%) Tesla (US) - humanoid robot Optimus

$ABBN (+3,78%) ABB (CH/SE) - Robotics & Automation

$6954 (+2,04%) 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 (-0,85%)
ASML (NL)

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

$IFX (+3,74%) Infineon (DE)

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

$STM (+2,39%)
STMicroelectronics (FR/IT)

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

$SAP (-3,72%)
SAP (DE)

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

$SIE (+1,06%)
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.

$HY9H
SK Hynix (KR) - Memory

$SONY
Sony (Japan)

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

$6861 (+1,88%)
Keyence (Japan)

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

$6954 (+2,04%)
Fanuc (Japan)

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

$6506 (-0,86%)
Yaskawa Electric (Japan)

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

$6594 (+3,73%)
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 (+0,43%)
JD.com (China)

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

I can imagine that we could still have a few red days ahead of us, but $NOKIA (-5,78%) I have now added a few more. Before the chaos, things were on the up for a year, the order situation seems good and a few days ago Intel brought in a new CEO who wants to do even more in the data center sector. It all sounds exciting to me. The correction was less severe than for other stocks, but perhaps that's another point in the company's favor in these times.

Analyst updates, 17.12.

⬆️⬆️⬆️

• - UBS raises the price target for AMAZON from USD 230 to USD 264. Buy. $AMZN (+1,71%)
• - CITIGROUP raises the target price for ALLIANZ SE from EUR 286 to EUR 314.40. Neutral. $ALV (-0,62%)
• - BARCLAYS raises the target price for DHL GROUP from EUR 37.50 to EUR 38. Equal-Weight. $DHL (+0,26%)
• - DEUTSCHE BANK RESEARCH upgrades AIRBUS from Hold to Buy and raises target price from EUR 155 to EUR 185. $AIR (-1,75%)
• - BERENBERG raises the price target for MUNICH RE from EUR 525 to EUR 552. Hold. $MUV2 (-0,87%)
• - KEPLER CHEUVREUX raises the price target for ADESSO from EUR 80 to EUR 100. Hold. $ADN1 (-1,35%)
• - WARBURG RESEARCH raises the price target for FMC from EUR 31 to EUR 36. Sell. $FME (-0,8%)
• - DEUTSCHE BANK RESEARCH raises the target price for AUTO1 from EUR 12 to EUR 20. Buy. $AG1 (-1,62%)
• - DEUTSCHE BANK RESEARCH raises the price target for MTU from EUR 329 to EUR 337. Hold. $MTX (-3,66%)
• - DEUTSCHE BANK RESEARCH raises the price target for HENSOLDT from EUR 37 to EUR 41. Buy. $HAG (-2,77%)
• - DEUTSCHE BANK RESEARCH raises the target price for ROLLS-ROYCE from GBP 5.55 to GBP 6.30. Buy. $RR. (-3,44%)
• - BOFA raises the target price for INFINEON from EUR 36 to EUR 40. Buy. $IFX (+3,74%)
• - BOFA raises the price target for STMICRO from EUR 29 to EUR 30. Buy. $STMPA (+2,22%)
• - BOFA raises the target price for NOKIA from EUR 4.07 to EUR 4.58. Neutral. $NOKIA (-5,78%)

⬇️⬇️⬇️

• - JPMORGAN downgrades TRANSMEDICS from Overweight to Neutral and lowers target price from 116 USD to 75 USD. $TMDX (+3,54%)
• - BOFA lowers the price target for SILTRONIC from EUR 59 to EUR 46. Underperform. $WAF (+4,7%)
• - HSBC lowers the price target for CARL ZEISS MEDITEC from EUR 66 to EUR 54. Hold. $AFX (-0,18%)
• - KEPLER CHEUVREUX lowers the price target for HEIDELBERGER DRUCK from EUR 1.25 to EUR 1. Hold. $HBGRY (+0%)
• - KEPLER CHEUVREUX lowers the price target for EVONIK from EUR 25 to EUR 21. Buy. $EVK (+2,44%)
• - KEPLER CHEUVREUX lowers the price target for NORDEX from EUR 17 to EUR 14. Buy. $NDX1 (+0,49%)

09.12.2024

Robinhood in the fast lane with expansion into Asia + Stabilus to pay lower dividend and sales could grow + JPMorgan raises Nokia to 'Overweight' - target up to EUR 6.05

• Analysts bullish after investor day at $HOOD (+0,21%)

After the investor day of Robinhood analysts are bullish for the broker. Robinhood (HOOD) has shot an arrow in the direction of investors - and hit it! At the company's investor day this week, CEO Vlad Tenev said that his clients are interested in sports betting. There is no concrete information yet, but the direction is clear: expansion; not only geographically, but also into new areas. The company recently successfully entered the UK market and is set to enter the Asian market next year. Goldman's strategists are now sniffing the morning air. In a recent press release, the bank explained that Robinhood has a "growing ...

https://www.wallstreet-online.de/nachricht/18792765-expansion-asien-robinhood-ueberholspur-analysten-bullish

• New buy signal for Stabilus $STM (-2,24%)?

Automotive supplier Stabilus aims to generate at least as much revenue in the 2024/25 fiscal year, which runs until the end of September, as in the previous year. The company is targeting sales of EUR 1.3 to 1.45 billion, Stabilus announced on Monday when presenting its final annual figures for 2023/24. Analysts already have the upper end of the range on their notes. This should leave 11 to 13 percent as operating profit (adjusted EBIT). In the worst case scenario, this would mean that the specialist for luggage compartment gas springs would be less profitable than in the past financial year with a margin of 12%. The Stabilus management intends to pay a dividend of EUR 1.15 per share for the past fiscal year. This compares to EUR 1.75 a year earlier. The company confirmed its key figures for 2023/24 from November, according to which earnings before interest and taxes (EBIT) adjusted for special effects fell slightly year-on-year to EUR 157 million. Below the line, the Group generated a profit of 72 million euros - compared to 103 million euros a year ago. Thanks in part to the US acquisition of Destaco, a supplier of automation and clamping technology products, turnover increased by 7.5 percent to 1.31 billion euros.

• Nokia $NOKIA (-5,78%)back on track?

The US bank JPMorgan has upgraded Nokia from "Neutral" to "Overweight" and raised its target price from 4.00 to 6.05 euros. Analyst Sandeep Deshpande wrote in his outlook published on Monday that the earnings estimates for the network equipment provider are beatable, meaning that the share price, which has already performed well in 2024, should continue to rise in 2025. In the coming year, he is primarily counting on growth in the weak investments made by telecom companies in 2023 and 2024.

Monday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks

Verbio EUR 0.20

Analog Devices 0.92 US

Alphabet 0.20 USD

• Quarterly figures / company dates USA / Asia

17:00 Cisco AGM

22:05 Oracle quarterly figures

• Quarterly figures / Company dates Europe

07:00 Stabilus detailed annual results and annual report

10:30 Stabilus analyst conference

15:00 Vivendi AGM

16:00 Novartis Impact & Sustainability investor event

• Economic data

08:00 DE: Labor Cost Index | Truck Toll Performance Index June

10:30 DE: Sentix Economic Index Germany | Sentix Economic Index Germany and Euro Area

11:30 DE: Government Pk, Berlin

17:00 EU: Eurogroup meeting

17:00 DE: Event on the new perspectives for IFRS in Germany, Berlin

29.11.2024

Delivery Hero: Talabat offer price at the upper end of the range + Telekom awards major contract to Nokia and Fujitsu

The food delivery service Delivery Hero $DHER (-2,46%) has set the offer price for the IPO of its lucrative Middle East subsidiary Talabat at the upper end of the range, as expected. The issue price is 1.60 dirhams (0.41 euros), the MDax-listed company announced in Berlin on Friday morning. A few days earlier, Delivery Hero had already increased the size of its offering due to strong investor demand. Overall, the competitor of Just Eat Takeaway expects the Talabat initial listing to generate gross proceeds of around 1.9 billion euros. The Talabat shares are to be traded on the Dubai Stock Exchange from December 10. In the long term, Delivery Hero intends to indirectly hold a majority stake in the business, which bundles activities in the United Arab Emirates, the Middle East and North Africa. According to earlier statements, the Berlin-based company wants to be represented on the Board of Directors with half of the members and consolidate Talabat in the consolidated financial statements even after the IPO. Talabat intends to pay its shareholders at least one dividend totaling 100 million US dollars for the current fourth quarter next April. For the full year 2025, no less than USD 400 million is then to be distributed. The dividends are then to be paid in two stages per year in October and the following April.

The Deutsche Telekom $DTE (-4,97%) wants to and must rely more heavily on Open RAN (Radio Access Network) in its mobile access network and has therefore acquired Nokia $NOKIA (-5,78%) and Fujitsu $FUJ a major contract for the conversion of over 3,000 antenna sites by 2027. This will also fulfill the German government's requirements for management systems.

https://www.computerbase.de/news/internet/open-ran-telekom-vergibt-grossauftrag-an-nokia-und-fujitsu.90458/

Friday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

Coca-Cola USD 0.49

Tyson Foods (A) USD 0.49

Quarterly figures / company dates Europe

11:00 MTU Aero Engines Strategy Update 2025

Untimed: Delivery Hero - subsidiary Talabat: Expected publication of the final offer price

Economic data

• 08:00 DE: Retail sales October seasonally adjusted real FORECAST: -0.5% yoy previous: +1.3% yoy | Employment | Real Wages November
• 08:00 DE: Import/export prices October import prices FORECAST: n/a previous: -0.4% yoy/-1.3% yoy
• 08:45 FR: Private consumption October FORECAST: n/a previous: +0.1% yoy/-0.1% yoy
• 08:45 FR: Consumer prices (preliminary) November FORECAST: n/a previous: +0.2% yoy/+1.2% yoy HICP FORECAST: n/a/+1.7% yoy previous: +0.3% yoy/+1.6% yoy
• 09:00 CH: GDP FORECAST: n/a previous: +0.7% yoy/+1.8% yoy
• 09:55 DE: Labor market data November seasonally adjusted unemployment rate FORECAST: +20,000 yoy previous: +27,000 yoy Unemployment rate seasonally adjusted FORECAST: 6.2% previous: 6.1%
• 11:00 EU: Eurozone consumer prices (flash estimate) November Eurozone FORECAST: -0.2% yoy/+2.3% yoy PREV: +0.3% yoy/+2.0% yoy Core CPI (excluding energy, food, alcohol, tobacco) FORECAST: n.a./+2.8% yoy PREV: +0.2% yoy/+2.7% yoy
• 11:00 IT: Consumer prices (preliminary) November FORECAST: n/a/+1.3% yoy previous: +0.3% yoy/+1.0% yoy
• 20:00 US: Bond market shortened trading until 20:00