Goldman Sachs Shifts Focus to Humanoid Robots as AI Computing Infrastructure Loses Steam

Goldman Sachs is shifting its focus from AI computing infrastructure to humanoid robot applications. According to a recent report, labor shortages and automation demand will provide long-term structural support for the industry.

The bank's Asia trading team conducted field research on 14 robotics companies in China, finding that technology is iterating rapidly, but scarcity of real-world data and insufficient general AI capabilities remain bottlenecks for commercialization.

Goldman Sachs estimates global humanoid robot shipments will reach 76,000 units in 2027 and potentially climb to 502,000 units by 2032. The bank is long-term bullish on the industrial potential of humanoid robots, believing they have the potential to become the next generation of widely adopted end-use devices.

The report also notes that Asian robotics sector valuations are approximately 21% lower than comparable US assets, yet earnings growth expectations are higher. Goldman Sachs believes the value of humanoid robots will be more concentrated in core components with high technical barriers, such as harmonic reducers and actuator assemblies.