10 Billion Humanoid Robots on Planet Earth?

Maybe growing up, you imagined we'd all have our own personal "robot butler" roving around our home doing what we command. Believe it or not, but that's EXACTLY what will soon happen with this new "Bot Com Revolution." Elon Musk is predicting 10 billion humanoid robots by 2040. Even more amazing, Musk predicts these robots could cost only $20,000 each -- about the cost of a good used car!

$1000 Invested In This Stock 15 Years Ago Would Be Worth $14,000 Today

Benzinga Insights
October 30, 2024

RBC Bearings (NYSE:RBC) has outperformed the market over the past 15 years by 7.01% on an annualized basis producing an average annual return of 18.98%. Currently, RBC Bearings has a market capitalization of $8.31 billion.

Buying $1000 In RBC: If an investor had bought $1000 of RBC stock 15 years ago, it would be worth $14,181.19 today based on a price of $285.83 for RBC at the time of writing.

RBC Bearings's Performance Over Last 15 Years

comp_fig

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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