The Robotics & Automation Index (ROBO) declined 23% in Q2, leaving best-in-class robotics and automation shares 38% beneath their all-time excessive in November 2021. The Artificial Intelligence Index (THNQ) was down 28%, and the Healthcare Technology & Innovation Index dropped 21%. Valuation multiples have compressed beneath the load of rising inflation, geopolitical dangers, and speedy macro shifts. This leaves the valuations of the ROBO Global indices effectively beneath long-term historic averages. In this report, we focus on main traits and massive movers throughout our innovation portfolios.
