Physical AI

Stocks · key Fib levels

• AMZNAmazon.com, Inc.

  $238.34last

  $232.00fib

  +2.7%vs fib
  anchored by Anthropic · Apple · Databricks · Pinterest · Stripe · Netflix · Salesforce
  • ▸**2024-03** - Anthropic investment closed at $4B; Claude pledged to AWS as primary cloud + Trainium as primary training chip.
  • ▸**2024-11** - Anthropic round topped up to $8B total; multi-year Trainium2 capacity commitment disclosed.
  • ▸**2025-01** - Project Rainier announced: ~400k Trainium2 chips for Anthropic, sited in Indiana (1.3GW campus).
  • ▸**2025-Q3** - AWS run-rate crossed $115B; Trainium2 GA at re:Invent 2024 with Apple, Databricks, Anthropic as named customers.
  • ▸**2026** - Capex guide ~$105B (vs ~$83B in 2025), substantially all to AI infra; Mississippi + Indiana hyperscale builds in progress.
• GOOGLAlphabet Inc. Class A

  $357.37last

  $272.00fib

  +31.4%vs fib
  anchored by Anthropic (TPU) · Apple (Gemini in Apple Intelligence) · Salesforce (GCP) · Workday (GCP) · Spotify (GCP)
  • ▸**2024 Q4** - Anthropic expands TPU commitment to reportedly $11B+ over multi-year term (Bloomberg)
  • ▸**2024 Q4** - Apple integrates Gemini as optional Apple Intelligence model alongside ChatGPT (announced WWDC 2024, rollout 2025)
  • ▸**2025** - Waymo crosses 150k paid rides/week run-rate across SF/Phoenix/LA/Austin
  • ▸**2025** - TPU v6 'Trillium' GA on Google Cloud; v7 'Ironwood' announced for 2026
  • ▸**2025 Q3** - Google Cloud signs multi-billion Salesforce, Workday infra deals
  • ▸**2026 Q1** - DOJ Search remedies trial verdict pending; Chrome divestiture and default-search payment ban remain on table
• ISRGIntuitive Surgical, Inc.

  $397.68last

  $46.00fib

  +764.5%vs fib
  anchored by HCA Healthcare · Cleveland Clinic · Mayo Clinic · Kaiser Permanente · Tenet Healthcare
  • ▸**2026 Q1**: da Vinci 5 placements ramped to 174 systems (vs 0 a year prior); worldwide procedures +17% YoY
  • ▸**2025 Q4**: 10,000th da Vinci system milestone; installed base passed 9,902 globally
  • ▸**2025**: Ion lung biopsy procedures crossed 100k cumulative; ~150 hospitals added
  • ▸**2024 Mar**: FDA clearance for da Vinci 5 (next-gen platform, force feedback, integrated digital tools)
  • ▸**2024**: Japan PMDA approval for SP (single-port) - opens urology/colorectal expansion
  • ▸**2023**: EU MDR re-certification completed for Xi/X platforms - preserves EU placement cadence
• OUSTOuster, Inc.

  $62.52last

  - fib
  anchored by Komatsu · NVIDIA · Serve Robotics · Kodiak Robotics · May Mobility · US DOT smart-infrastructure pilots
  • ▸2023-02: closed all-stock merger with Velodyne Lidar, consolidating digital + rotating lidar IP
  • ▸2023-11: REV7 digital lidar family launched (OS0/OS1/OS2 + DF solid-state) - single CMOS chip architecture
  • ▸2024: multi-year supply agreement with Komatsu for mining autonomy stack
  • ▸2024: NVIDIA Isaac / Holoscan partnership integrating REV7 into robotics reference platforms
  • ▸2025: Serve Robotics ($SERV) sidewalk-delivery fleet standardizes on Ouster OS-series
  • ▸2025: smart-city deployments live with Velodyne Intelligent Infrastructure Solutions (IIS) in Chattanooga and US-DOT pilots
• SYMSymbotic Inc.

  $44.95last

  - fib
  anchored by Walmart · Target · Albertsons · C&S Wholesale Grocers · GreenBox Systems (SoftBank JV)
  • ▸2022-06: $WMT master agreement, all 42 regional DCs (~$11B initial value)
  • ▸2023-07: $TGT phased deployment across regional DCs
  • ▸2023-09: Albertsons ($ACI) multi-site deployment
  • ▸2024-07: GreenBox Systems JV with $SFTBY SoftBank announced; $7.5B initial capacity commitment over 6 years
  • ▸2025-01: $WMT Mexico expansion adds incremental sites
  • ▸2025-03: Walmex deployment confirmed; backlog reported at $22B+
  • ▸2025-09: FY23/FY24 financial restatement disclosed (revenue recognition timing on system-deployment contracts)
• TSLATesla, Inc.

  $420.60last

  $351.00fib

  +19.8%vs fib
  anchored by PepsiCo · Sysco · Intersect Power · Hertz (legacy) · undisclosed utility offtakers
  • ▸2026 Q1: Energy storage deployed 4.1 GWh (+157% YoY); Lathrop + Shanghai Megapack factories at scale
  • ▸2025 Q4: FSD v13 supervised release; unsupervised internal testing begins Austin
  • ▸2025: Optimus Gen-2 prototypes assembling at Fremont pilot line; targeted internal deployment 2026
  • ▸2024 Q4: Dojo D1 wafer-scale compute online; D2 tape-out announced
  • ▸2024: Cybertruck production ramp at Giga Texas; Semi pilot fleet expansion with PepsiCo + Sysco
  • ▸2023: 4680 cell in-house production crosses break-even cost vs cell suppliers
  • ▸Multi-year Megapack supply agreements: Intersect Power (15.6 GWh), undisclosed utility offtakes

Co-movement matrix (252d)