Fujitsu

For robotics, Kawasaki Heavy (7012) are a name to monitor:

They're partering with:

$NVIDIA(NVDA.US): physical AI simulation

$Microsoft(MSFT.US): agentic cloud layer

$Analog Devices(ADI.US): edge sensing + power

Fujitsu (6702): Japan compute + SI

On robotics, Jensen confirmed the robotics TAM expansion:

"Within the next 5 years, physical AI + robotics segment is gonna grow incredibly fast."

Which is confirmed when you look at $NVIDIA(NVDA.US)'s Physical AI TTM revenue:

- $9B: up 50% from Feb

- Physical AI is ~3% of the revenue mix, but is fastest growing rev line

Not done much research into KH, but will add to my ever-growing list of companies to look into.

They're not pure-play though given they're also in things like aerospace/defence which drives their revenues rn. So kinda meh from a pure robotics perspective at just ~12% of total rev.

May be interesting for some of you though.