Musk Says Robot Memory Demand Will Exceed All, Boosting Robot ETF 4.4%
The humanoid robot sector staged a sharp rebound on Thursday, with a wave of limit-up moves across related stocks. The rally propelled the tracking index of the Tianhong Robot ETF (159770) to a 4.48% gain on the day, bringing its cumulative increase to 12.46% since October 19. The index has shown strong momentum recently. The surge was triggered by Tesla CEO Elon Musk's remark that memory demand for robots will surpass everything, which fueled investor optimism about the sector's long-term growth potential. The ETF tracks an index of companies engaged in robotics and automation, and its recent strong performance reflects growing market interest in embodied AI and the broader intelligent manufacturing supply chain. Analysts note that Musk's comments underscore the anticipated surge in demand for high-performance memory chips as robots become more sophisticated and data-intensive.