Mentioned:
RR -11.90% NVDA -6.20%
A publicly traded company is ramping up robot production in Las Vegas. But, why?
What’s happening:
- Richtech Robotics (NASDAQ: RR) has entered into a new deal to acquire a 20,000 square foot facility for the production and manufacturing of robots in Las Vegas, Nevada
Why it matters:
- Richtech Robotics is one of the few publicly traded companies in North America who has been striking commercial partnership, including previously landing a notable distribution deal with Sproutmation
Going deeper:
- Richtech Robotics’ new facility in Las Vegas will quadruple their existing manufacturing and production capacity
- Both of Richtech Robotics’ flagship robots ADAM and Scorpion leverage leading edge artificial intelligence technology and are built on top of Nvidia (NASDAQ: NVDA) platforms
The intrigue:
- Richtech Robotics previously made waves when they cut a deal with Ghost Kitchens to install their robots within restaurants located within Walmart (NYSE: WMT) stores in the United States of America
