Actuate Research

[Actuate Research @actuateresearch]

$TMDX 14 flights shy of matching Q2 flight count. Plenty of time left to make it happen. Can they do it?

[Actuate Research @actuateresearch]

These Tally robots are typically equipped with about 15 RealSense $CGNX 3D depth cameras. At likely wholesale cost that is roughly $2,000 of RealSense depth cameras per robot.

[Kris Patel 🇺🇸 @KrisPatel99]

Robots at $KR … my worst fears are coming true…

[Actuate Research @actuateresearch]

I don’t think people truly understand the developments happening in robotics and the implications they have for U.S. production and manufacturing.

Anything and everything that can be manufactured in the U.S. will be.

The cost of labor will no longer be an issue for U.S. manufacturers. Production will run 24/7, and our domestic supply chains will be 100x more efficient. Cheap overseas labor will not be able to compete against highly automated U.S. factories.

[Actuate Research @actuateresearch]

$CGNX initial reaction was negative following the $500 million cash acquisition of RealSense, the Intel-founded 3D depth-camera company that was spun off in July 2025.

RealSense is forecasted to generate $80–90 million of revenue in FY26, up more than 50% year over year, which implies CGNX paid roughly 6x FY26 sales. Cognex is also committing $56.5 million in cash retention and approximately $50 million in RSUs over three years.

J.P. Morgan forecasts long-term RealSense revenue growth above 25%, with Cognex management expecting the robotic perception market to grow over 25% annually to $1.6 billion by 2030.

RealSense has over 1 million units shipped to date, more than 4,500 customers, and is actively working with Cartken, Tennant $TNC, GEFIT, PAL Robotics, Trossen Robotics, LimX, Unitree, and Agility Robotics $CCXI.

We believe this acquisition greatly strengthens Cognex’s vision stack by expanding its 3D offerings into its existing 30,000+ industrial customers and selling into humanoid, quadruped, AMR, and fixed-arm end markets, which we believe will become a meaningful share of revenue by 2030.

[Actuate Research @actuateresearch]

@Mr_Derivatives We won’t miss the posts but we sure will miss the Trump put.

[Actuate Research @actuateresearch]

@bluebirdfund @JMLV51 @KobeissiLetter Then don’t stop at $1,000. Invest more.

[Actuate Research @actuateresearch]

The bottom 50% of American households hold only about 2% of the country’s wealth. Almost all of their wealth growth over the last decade was driven by rising home values. Stocks accounted for less than 10% of that growth. Only about 33% of the bottom half of households participate in the stock market, and combined own only half a percent of the market.

The top 10% of households hold about 69% of the country’s wealth and own roughly 88% of the stock market, with household participation among them at 95%.

For the U.S. to truly enter a golden age, I believe the bottom half must close the gap in household stock market participation. We are living through an incredible period of history where any American can open their phone and buy shares in any of the greatest companies in the world in seconds, with zero commissions and zero minimums.

To the younger generation that feels increasingly priced out in today’s economy, you must do whatever you can to own assets. You are doing yourself a great disservice by not participating in one of the greatest vehicles of wealth generation of all time.

[Actuate Research @actuateresearch]

With just 3 days left of Q3, $TMDX is on the cusp of matching Q2 flight count in a seasonally soft quarter.

It will be interesting to see whether that’s due to them eating market share, more hospitals opting to use TMDX logistics, or both.

[Actuate Research @actuateresearch]

@JMLV51 @KobeissiLetter Nothing is stopping you from participating. In no other period of time could you download a brokerage app on your phone and buy practically any U.S. listed stock. It’s never been easier to own a piece of American business.

[Actuate Research @actuateresearch]

OpenAI acquired Glass Imaging, an AI imaging company for phones, drones, and wearables, for over $300 million. Eight days later Cognex $CGNX acquired RealSense, the Intel spin-off that makes depth cameras for autonomous mobile robots, humanoids, quadrupeds, and fixed arms, for $500 million.

Both have different use cases, but both are direct bets on the vision layer of Physical AI.

[Actuate Research @actuateresearch]

Despite manufacturers hiring at the fastest rate since February 2021, companies still reported “increasing problems finding suitable staff.”

Labor is the bottleneck. There has never been a better time than now to be long automation.

$CGNX $ROK $LECO $APH $RRX $NOVT $SYM $AME $PH

[Actuate Research @actuateresearch]

U.S. manufacturing output and new orders just posted their fastest growth since April 2022.

Manufacturing hiring also rose at the fastest rate since February 2021.

[Actuate Research @actuateresearch]

Given our thesis on the reshoring of U.S. manufacturing, labor shortages, the growing demand for automation, and the tailwind of humanoids, we are long $CGNX $ROK $LECO $APH $RRX $NOVT $SYM $AME $PH

[Actuate Research @actuateresearch]

Given our thesis on the reshoring of U.S. manufacturing, labor shortages, the growing demand for automation, and the tailwind of humanoids, we are long $CGNX $ROK $LECO $APH $RRX $NOVT $SYM $AME $PH

[Actuate Research @actuateresearch]

U.S. manufacturing technology orders are surging this year compared to 2025.

July orders jumped 55% YoY, totaling $605.8M, while orders for the first seven months of 2026 are up 37% YoY.

[Actuate Research @actuateresearch]

ie: $APH $AME $NOVT $PH $LECO $RRX

[Actuate Research @actuateresearch]

A lot of the names supplying the components for the automation and humanoid buildout are also very high quality compounders outside of the space. I think the R/R on a lot of these names is just incredible here.

[Actuate Research @actuateresearch]

I’m not sure why so many are willing to die on the $UBER hill. I don’t doubt they will be the largest aggregator of AV ride demand. The problem with that is AV partners will not only be competing against $TSLA and Waymo, they’ll be competing against other partners for lower idle times.

As supply grows, partners will be forced to lower fares for higher utilization, which will ultimately leave Uber with fewer dollars per ride and eventually force Uber to lower take rates so its AV partners can operate profitably.

[Actuate Research @actuateresearch]

A lot of the names supplying the components for the automation and humanoid buildout are also very high quality compounders outside of the space. I think the R/R on a lot of these names is just incredible here.

[Actuate Research @actuateresearch]

U.S. manufacturing technology orders are surging this year compared to 2025.

July orders jumped 55% YoY, totaling $605.8M, while orders for the first seven months of 2026 are up 37% YoY.