nasdaqirbt
Q2 2022 hedge fund letters, conferences and more AmazonTo Acquire iRobotAmazon agreed to pay $61 per share for the Roomba maker. The acquisition will strengthen the e-commerce giant's position in consumer robotics, a space the company has been interested in some time. Last year, Amazon launched its Astro household robot, which is equipped with Alexa and used for home monitoring. Currently, it sells for $1,000 and is only available by invitation. Amazon also offers other smart home devices, including the Ring connected doorbell. The e-commerce firm acquired Ring in 2018. CNBC notes that the acq...
ValueWalk
iRobot Moves Up On Fed “Soft Landing” OutlookShares of iRobot (NASDAQ:IRBT) have been in a steady downtrend for the last several quarters due to the mounting issues of supply chain hurdles and inflationary pressures. The biggest risk for the company and the global economy was the Fed and the Fed gave the market what it wanted, and an outlook for soft-landing. In that scenario, iRobot should be able to start regaining traction with microchips, components, shipping delays, and inflation but there is a risk. With inflation still on the rise and new data expected out shortly we see the Fed increas...
ValueWalk
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