#SFT STOCK NEWS SOFTWARE#

This means a massive sale for the company worth $7.5 billion over the course of the contract. On top of that, these new warehouses will be powered by Symbotic systems. The efficiency, SKU agility, scalability, and density of the Symbotic system allows GreenBox to effectively manage single and multi-tenant facilities across the supply chain and thus fundamentally reshape the economics of automated supply chain services.”

#SFT STOCK NEWS SOFTWARE#

Symbotic’s A.I.-powered robotics and software technology will be the cornerstone of GreenBox, installed in single and multi-tenant facilities. and automation technology for the warehouse. “GreenBox will automate supply chain networks globally by operating and making accessible Symbotic’s advanced A.I. As the joint statement with SoftBank notes: Now, though, the firm has secured a new partnership that promises to be highly lucrative. The stock still trades at less than $50 per share but boasts a “strong buy” consensus on TipRanks. SYM stock has surged around 130% over the past six months as this new technology has overtaken markets on a global scale.Ĭompanies that operate in the warehouse automation space might not receive as much attention as the giants of Big Tech, but that doesn’t mean they don’t represent significant opportunities for investors - particularly as some are still undervalued. To say that Symbotic has displayed impressive growth since the start of the AI boom would be an understatement. Partnerships of this kind are what investors want to see right now. Today’s movement aside, though, interest in AI is still red hot with no signs of slowing down. Meanwhile, Symbotic’s new partner is faring somewhat better SoftBank is currently up by less than 1%. SYM stock did jump earlier today, although shares are now more than 15% in the red as of this writing. Partnering with Symbiotic is a highly strategic decision that is likely to help both companies. While shares struggled a few months ago, SFTBY stock has since rebounded and seems poised to continue riding the AI wave to new heights.

Among other things, this development makes it clear that Son is delivering on his promise.

In June 2023, SoftBank CEO Masayoshi Son announced plans to start betting big on AI. If that’s true, this new venture could be a growth-driving catalyst for both firms. In a statement, the companies said that GreenBox can address an opportunity in the warehouse-as-a-service market worth more than $5o0 billion. Specifically, SoftBank (OTCMKTS: SFTBY) just announced today that it has joined forces with warehouse automation leader Symbotic (NASDAQ: SYM) to launch GreenBox Systems, a joint venture designed to bring automation to the struggling supply-chain industry. Two companies are teaming up to revolutionize the supply-chain world through artificial intelligence ( AI).

Sft stock news