Humanoid Robots Debut at WAIC—The Resemblance Is Uncanny! WAIC 2026 wrapped up in Shanghai, with robots once again stealing the spotlight. Nothing gets the crowd going quite like a robot dancing or shaking hands. Over 200 companies gathered this year, showcasing the latest breakthroughs in humanoid robotics and embodied AIr, and honestly, it’s pretty wild to see in person. #WAIC2026# #Robotics# #HumanoidRobot# #EmbodiedAI# #Shanghai# #TechInsight# Data Source:Jiemian News, Robots: The No.1 Hard Worker at WAIC 2026, as of 2026.07.19 Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice.

Humanoid robots: 1. Forecasts: Goldman says $38bn by 2035. Barclays says $40bn base, $200bn if things go right. BofA models 10 million units that year, up from 20,000 in 2025. Morgan Stanley waves at $60tn. Near term beneficiaries are factories: 72% of 2027 installs in logistics, manufacturing and automotive. My view: technology is moving faster than expected. I think we are only three years away from seeing millions of humanoid robots deployed. 2. The bottleneck is not the AI: The brain is the cheap, solved part. Memory will still be the constraint but the hard part is the body. This is a machine-tool problem, not software. A humanoid is a car in miniature, thousands of fine-tolerance parts, and the edge sits with whoever already has automotive and precision-mechanics DNA. Guess who have ALREADY the capacity to produce millions of EV cars? CHINA. 3. The map, by layer: • Brain (semis + models): $NVDA, and the memory it needs in $MU , SK Hynix, Samsung. Cheap, crowded, commoditizing. • Brawn (the actual bottleneck): screws and reducers in Hiwin, THK, Harmonic Drive, Nabtesco, Jiangsu Hengli. Motors in Nidec, Estun, Inovance. • Sensors and structure: force/torque, vision and connectors in Sensata, TE Connectivity, Sony, Keyence, $OUST. • Rare earths (the input under all of it): $MP, Lynas, JL Mag. China controls over 90% of magnetic rare earths. • Integrators (the full robot): Tesla, plus a heavily Chinese field, UBTech, Xiaomi, BYD, XPeng, and Hyundai via Boston Dynamics. Morgan Stanley data point that gets buried: 73% of confirmed humanoid participants are Asian, 56% Chinese. The US has $TSLA , $NVDA , and not much else on the hardware side. As always I prefer to play the picks-and-shovels under it, the screws, the rare earths, the grinding-machine bottleneck, get paid whether or not Optimus or Figure is the one that scales.

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Humanoid robots are attracting massive investor interest as Nvidia and Tesla talk up their potential. At a SoMa nightclub, the technology’s next act looked more like stunt marketing than a factory-floor revolution. Read more:

Humanoid robots are going to be one of the biggest game-changers we’ve ever seen. They’re going to help us in ways that are genuinely super exciting like taking over the dangerous, dirty, and exhausting jobs nobody wants… warehouses, factories, elder care, you name it. They will solve huge labor shortages and let us humans focus on more meaningful work. It’s going bring abundance and productivity to a whole new level. But I believe there will also be a dark side to this… it’s probably also going to create a lot of real chaos. If you pay attention, these robots don’t get tired, don’t complain, don’t need breaks, and they can keep going 24/7 as long as they are charged. And they also will cost much less than humans as well… They’re going to be stepping in for entire shifts of human work in a way we’ve never seen before. And it’s happening faster than most people realize. A lot of people are still sleeping on this, thinking this is just for show. They see it as “cool tech” but fail to connect the dots on how it’ll disrupt jobs, economies, and our daily lives. This is the reality unfolding in real time. I’m excited about what this means for humanity, but we also need to be smart about it. Retraining, new opportunities, support for people whose jobs get lost… we’ve got to get ahead of it instead of scrambling later. I get it when Elon says we will eventually need universal basic income...