Trading Troubles, AI Automation and Onion-Ring Robots
Trading Troubles, AI Automation and Onion-Ring Robots
By:James Melton
A weekly look inside Luckbox magazine
Luckbox Presents: One investor’s wild meme-stock ride
A veteran trader counsels a protege in an episode of Money Makeover. Investor Brian benefitted immensely from WallStreetBets, a popular online forum where traders share tips and discuss potential “investments.”
Brian turned his modest poker earnings into a staggering $1 million in less than 18 months. But then things went wrong. Brian invested heavily in a telecommunications company and found himself on the losing end when the company filed for bankruptcy. The experience served as a stark reminder of the volatile nature of trading. Watch the video below.
Another AI stock to consider
AI investing is about more than owning Nvidia (NVDA) stock. Shares of UiPath (PATH) are up sharply in 2023 because the company’s robotic process automation (RPA) services are viewed as fertile ground for recent advances in artificial intelligence (AI).
UiPath develops digital (e.g. virtual) robots, putting the company at the crossroads of robotics and artificial intelligence. These digital robots are essentially software-based “bots” that help automate business processes. Recent market research indicates UiPath controls roughly 36% of the robotic process automation market.
Besides benefiting from positive sentiment in the AI niche, shares in UiPath have also gained from the company’s improving financial position. Read the whole story.
White Castle embraces fast-food robotics
When you think about food innovation, your thoughts might go to young experimenters at the nexus of the tech universe. You don’t think of White Castle, America’s first fast food chain, which has been making hot and tasty sliders since 1921. But now meet Flippy, the burger chain’s robot that cooks the onion rings perfectly every time.
White Castle’s side item/deep fry menu has more than 21 possible combinations of sizes and options, but Flippy cooks each one with precision. Indefatigably, the robot arm reaches for bins full of customer food repeatedly, never needing a break. Read the whole story.
U.S. retail sales drop, but not at Walmart
Retail sales in the United States recently dropped for the first time in 7 months. Despite those headwinds, Walmart (WMT) posted impressive third-quarter sales growth, including a 24% increase in online sales. Walmart’s revamped digital strategy, alongside the company’s demonstrated ability to increase sales during economic downturns, makes the stock especially attractive. Read the whole story.
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James Melton is managing editor of Luckbox magazine.
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