Robotics VC investment just hit an all time high: $16B in a single quarter: > Robotics is gaining traction, and I do believe the theme will be successful. But we are still probably 3 - 5 years away from seeing real breakthroughs translate into meaningful volumes. However, I'm long $OUST as a picks and shovels play here: > We already know that not all robotics companies will use LiDAR, some go pure vision. > $OUST bought StereoLabs, the ZED stereo-camera company. So the company now sells LiDAR, cameras, and the fusion of both, so I don't have to guess which robot or which sensing approach wins. > As the category scales, $OUST becomes one of the cleaner ways to get exposure to robotics. Risk: There's a window where price can run ahead of fundamentals and then correct when the market gets impatient with robotics theme.