Stock Track | Richtech Robotics Soars 5.21% in Pre-Market on Trump Administration's Robotics Push

Stock Track12-04

Richtech Robotics (RR) surged 5.21% in pre-market trading on Thursday, driven by reports of the Trump administration's plans to accelerate the robotics industry's growth.

According to sources, Commerce Secretary Howard Lutnick has been meeting with robotics industry CEOs and is "all in" on supporting the sector. The administration is considering issuing an executive order on robotics next year, which has sparked investor optimism in companies like Richtech Robotics.

The Commerce Department confirmed its commitment to the sector, stating: "We are committed to robotics and advanced manufacturing because they are central to bringing critical production back to the United States." This initiative follows the administration's earlier artificial intelligence acceleration plan.

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