The analyst holds positions in CCXI, bullish on Agility's humanoid robots due to their superior actuators and economies of scale, expecting them to become the humanoid leader as costs decline and deployments increase.
Agility's Digit v4 humanoid has one of the best specs; actuators are key and Schaeffler provides superior, cheaper actuators due to investment and preferential supply; as more customers buy, costs decline making Agility the de facto leader; order book and deployments with major companies support growth potential.
Yeah, I've got positions in $CCXI for exposure to Agility. I do believe that they're one of the best humanoid producers globally ex-China. Especially their current Digit v4 commercial humanoid which has one of the best spec sheets worldwide. Some important points on Agility's BOM: -> Actuators are ~50% of the BOM for a humanoid -> Schaeffler are crucial here for Agility. Schaeffler: - invested in Agility - buy Agility's robots - but are also Agility's strain wave/planetary actuator merchant supplier And Schaeffler are probably the best actuator platform worldwide (maybe more than Harmonic) since theirs are smaller and lighter than rivals. And, going back to the BOM, Agility get the actuators at cheaper rates than rival OEMs like Humanoid (a UK humanoid maker...obviously lol). Preferential supply treatment etc. So w/ economies of scale: As more customers like Amazon etc buy from Agility -> the cheaper the actuators become -> the cheaper the humanoids become = Agility in theory become the de facto humanoid leader. If Schaeffler ofc maintain supply agreements and preferential treatment (which they can as an Agility investor). And looking at Agility's order book w/ 30+ customers in the pipeline, it does seem like their BOM has been rapidly declining recently. Unlike memory w/ $SNDK and $MU, you do want humanoid costs to come down for scalability and commercial reasons. And has been deployed in: - GXO Logistics - Schaeffler - Toyota - $MELI - $AMZN With basically every deployment citing "multi site" language for the future beyond current single site deployments. Which Agility have plenty of capacity for at ~10k units per yr if you wanna believe the CEO vs. hundreds of units currently being produced. Amazon for example explicitly need costs to come down e.g. that's why they're trialling robotics in Poland rn. For payback analysis mainly. Which if that goes well, you can expect to see wider deployments in the US in the coming years. Same with $MELI in Latam too. That being said, I do think SPACs are inherently risky - I think we all know the risks. But given I'm a humanoid enjoyer, I do wanna participate in some way since that's where the next AI paradigm shift will be beyond "software".
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -2.2% | -2.1% |
| 1 week | -9.1% | -9.2% |
| 1 month | -19.8% | -19.1% |
| 3 months | — | — |
| 6 months | — | — |