Nowak has an Overweight (or Buy equivalent) on Amazon's stock with a $280 price target. Amazon's stock currently trades at $228, up 4.35% year to date. The investments in robots may already be paying ...

The company also launched the Amazon Industrial Innovation Fund in 2022, investing in companies innovating in emerging tech like robots. That includes an investment in Agility Robotics ...

Amazon now has industrial robots that can increase efficiencies across the storage, inventory management, pick and packing, and sorting order fulfillment processes. Fulfillment costs make up about ...