<p>摩根大通发布了一份研究报告，指出人形机器人行业在过去一个月达到了一个关键的转折点，从概念验证转向规模化部署。该银行认为，资本越来越集中于具有盈利能力的平台、可扩展性以及高质量的组件供应商和 “智能大脑”（人工智能/软件）提供商。它对领航和谐驱动系统（688017.SH）-1.380 (-0.645%)、三华智能控制（02050.SH）、敏实集团（00425.HK）-0.500 (-1.380%) 空头头寸 $31.43M; 比率 22.707%、恒立液压（601100.SH）+6.120 (+6.313%)、优必选（09880.HK）-2.400 (-2.241%) 空头头寸 $83.03M; 比率 20.372% 和现代汽车（005380.KS）能够捕捉到行业增长的下一个浪潮持乐观态度。</p>
<p>关于竞争格局，摩根大通表示，特斯拉（TSLA.US）正在努力追赶更快发展的中国竞争对手和波士顿动力，长期目标是成为一家物理人工智能和机器人公司。同时，该银行强调了现代汽车旗下的波士顿动力，后者利用其在运动控制和工业整合方面的优势，瞄准高价值、关键任务的应用。摩根大通认为现代汽车是能够捕捉下一个增长浪潮的公司之一，其在机器人和人工智能基础设施方面的重大投资被视为未来竞争动态中需要关注的关键因素。</p>
<p>该银行指出，商业化的关键在于 “部署准备”，即可靠性、维护和集成时间。在四月的北京机器人实地考察中，摩根大通观察到客户和合作伙伴正专注于扩大试点项目并向实际应用迈进。它预计到 2026 年，将会更快地从概念验证（POC）过渡到规模化试点部署。</p>
<p>本文由人工智能自动翻译，中文版本应视为权威版本。AASTOCKS.com Limited 不保证其准确性或完整性，并对因使用此翻译而产生的任何损害或损失不承担任何责任。</p>

1.25 倍做多特斯拉 ETF - GraniteShares

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BOTT

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KOID

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全球机器人自动化 ETF - ROBO

Global X 机器人工智能ETF

<p>摩根大通的研究报告强调了人形机器人行业的一个关键时刻，从概念验证转向规模化部署。该银行识别出如领航和谐驱动系统、三花智控、敏实集团、恒立液压、优必选和现代汽车等关键参与者，预计它们将迎来增长。报告指出特斯拉正在努力与中国公司和波士顿动力公司竞争，并强调现代汽车在机器人和人工智能方面的投资。报告强调，商业化取决于部署准备情况，预计到 2026 年将加速试点项目的推进</p>

<p>JPMorgan issued a research report noting that the humanoid robotics industry has reached a critical inflection point over the past month, transitioning from proof of concept to scaled deployment. The bank believes capital is increasingly concentrated on profitable platforms with scalability, as well as high-quality component suppliers and &#34;brains&#34; (AI/software) providers. It is optimistic that Leader Harmonious Drive Systems (688017.SH) -1.380 (-0.645%)  , Sanhua Intelligent Controls (02050.SH), Minth Group (00425.HK) -0.500 (-1.380%)  Short selling $31.43M; Ratio 22.707%  , Hengli Hydraulic (601100.SH) +6.120 (+6.313%)  , UBTECH (09880.HK) -2.400 (-2.241%)  Short selling $83.03M; Ratio 20.372%  , and Hyundai Motor (005380.KS) will be able to capture the next wave of industry growth.</p>
<div class="lb-trans"><p>摩根大通发布了一份研究报告，指出人形机器人行业在过去一个月达到了一个关键的转折点，从概念验证转向规模化部署。该银行认为，资本越来越集中于具有盈利能力的平台、可扩展性以及高质量的组件供应商和 “智能大脑”（人工智能/软件）提供商。它对领航和谐驱动系统（688017.SH）-1.380 (-0.645%)、三华智能控制（02050.SH）、敏实集团（00425.HK）-0.500 (-1.380%) 空头头寸 $31.43M; 比率 22.707%、恒立液压（601100.SH）+6.120 (+6.313%)、优必选（09880.HK）-2.400 (-2.241%) 空头头寸 $83.03M; 比率 20.372% 和现代汽车（005380.KS）能够捕捉到行业增长的下一个浪潮持乐观态度。</p>
</div><p>Regarding the competitive landscape, JPMorgan said Tesla (TSLA.US) is striving to catch up with faster-moving Chinese competitors and Boston Dynamics, with a long-term vision of becoming a physical AI and robotics company. Meanwhile, the bank highlighted Boston Dynamics under Hyundai Motor, which is leveraging its strengths in motion control and industrial integration to target high-value, mission-critical applications. Hyundai Motor is regarded by the bank as one of the companies positioned to capture the next wave of growth, with its significant investments in robotics and AI infrastructure seen as a key factor to watch in future competitive dynamics.</p>
<div class="lb-trans"><p>关于竞争格局，摩根大通表示，特斯拉（TSLA.US）正在努力追赶更快发展的中国竞争对手和波士顿动力，长期目标是成为一家物理人工智能和机器人公司。同时，该银行强调了现代汽车旗下的波士顿动力，后者利用其在运动控制和工业整合方面的优势，瞄准高价值、关键任务的应用。摩根大通认为现代汽车是能够捕捉下一个增长浪潮的公司之一，其在机器人和人工智能基础设施方面的重大投资被视为未来竞争动态中需要关注的关键因素。</p>
</div><p>The bank pointed out that the key to commercialization lies in &#34;deployment readiness,&#34; namely reliability, maintenance, and integration time. During its robotics field trip in Beijing in April, JPMorgan observed that customers and partners are focusing on scaling up pilot projects and moving toward practical applications. It expects 2026 to see a faster transition from proof of concept (POC) to scaled pilot deployment.</p>
<div class="lb-trans"><p>该银行指出，商业化的关键在于 “部署准备”，即可靠性、维护和集成时间。在四月的北京机器人实地考察中，摩根大通观察到客户和合作伙伴正专注于扩大试点项目并向实际应用迈进。它预计到 2026 年，将会更快地从概念验证（POC）过渡到规模化试点部署。</p>
</div><p>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</p>
<div class="lb-trans"><p>本文由人工智能自动翻译，中文版本应视为权威版本。AASTOCKS.com Limited 不保证其准确性或完整性，并对因使用此翻译而产生的任何损害或损失不承担任何责任。</p>
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JPM: Global Humanoid Robot Race Accelerates, UBTECH  and Others Poised to Capture Growth

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Themes Humanoid Robotics ETF

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摩根大通表示，全球人形机器人竞赛正在加速，优必选等公司有望抓住增长机遇