Goldman Sachs analysts state that China has entered a new phase of exporting artificial intelligence-related hardware, creating "globally relevant export winners." Their analysis found companies with market opportunities ranging from $12 billion to $212 billion by 2030.
With growing uncertainty around U.S. restrictions on high-tech imports from China, many exporters are expanding into Europe and Southeast Asia instead. Goldman recently noted industrial automation and robotics as two opportunities where execution of corporate strategy matters more than macroeconomic trends.
Their preferred picks in the category are Hong Kong-listed industrial robotics company Estun and Shenzhen-listed automation company Inovance.
Goldman Sachs rates Inovance a "buy," while giving Estun a "neutral" rating.
