The Bot Brief
"There is no force on earth more powerful than an idea whose time has come."
- Victor Hugo
Bots in The News:
The first week of October was saved by a strong showing in Friday’s trading. The broad market ended the week with a 48-basis point increase while the Bot Index fell 73 basis points.
The only double-digit mover within the Bot Index was the decline recorded by 3D Systems. The company’s stock fell 13.85%, continuing its decline throughout all of 2023. Over one third of the analysts that follow the company have either sell or underperform recommendations on the shares.
Oceaneering International followed the decline in oil prices last week as it posted the second worst return for the week. The stock fell almost 9%.
Faro Corp declined 6.11% thanks to a Simply Wall Street article entitled, “The past three years for FARO Technologies (NASDAQ:FARO) investors has not been profitable.”
Two of the low-priced issues within the Index each produced positive returns for their shareholders in last week’s trading. Accuray Inc. gained 9.9% and Immersion Corp. rose 3.62%. Accuray announced that the CNNC-Accuray joint venture Tomo C radiation therapy system got approval from the Chinese National Medical Products Administration. This report caused the stock to bounce significantly on Wednesday.
NVIDIA Corp. reversed its negative trend over the past month with a strong showing last week. The company rose 5.20% as investors perceived value and continued interest in AI applications.
Light Detection and Ranging:
It is well apparent that industry and governmental forces are prompting the development of self-driving automobiles. Over the past decades a number of processes have been attempted in order to make the function of driving a vehicle safe, reliable, practical, and inexpensive. The goal is to make driving more enjoyable but primarily to increase the level of safety. With automobile accidents accounting for over 1.3 million deaths and untold injuries