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Richtech Robotics Inc. (NASDAQ:RR) shares are trading higher Tuesday after the company announced the installation of its ADAM humanoid drink robot at a One Kitchen location inside a Rockford, Illinois Walmart.
The Details:
The ADAM AI-enabled robot is expected to serve 100-200 cups of coffee and tea per day at the location. Richtech Robotics said this marks the second installation of its robotic drink system as part of a planned rollout across 240 One Kitchen locations in the United States.
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“We continue to reach new milestones, this time celebrating the first humanoid drink robot in the state of Illinois and also officially launching AlphaMax Management,” said Matt Casella, President at Richtech Robotics. “Our new subsidiary is expected to generate a new revenue stream and also stable cash flow and profit. We look forward to its continued growth.”
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Richtech Robotics’ case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
RR Price Action: According to Benzinga Pro, Richtech Robotics shares are up 43% at $1.29 at the time of publication Tuesday.
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Image: Brian Penny from Pixabay
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