Symbotic Stock Slips Despite Q2 Profit: $22.7 Billion AI Robotics Backlog Faces Walmart Test

Expert Take: While Symbotic’s stock price looks richly priced, some bulls argue the company is just scratching the surface of its opportunity. “Symbotic has been hot of late, but there’s still plenty of gas left in the tank as warehouse automation kicks into high gear,” writes 24/7 Wall St., pointing to its swelling sales and backlog247wallst.com247wallst.com. The backing of Walmart – which not only became Symbotic’s largest customer but also a stakeholder through the robotics unit deal – adds credibility and resources. “With retail giant Walmart joining forces with [Symbotic]... perhaps it’s Symbotic that’s to thank, as Walmart strives to keep up in the warehouse robotics space,” one commentator noted247wallst.com.