Key facts
- Unitree shares have risen about two-thirds since Oct. 15.
- The company's market value reached 271.8 billion yuan ($40.8 billion).
- Unitree founder Wang Xingxing believes large models will enable physical AI within one to three years.
- JPMorgan upgraded Unitree to overweight from underweight and raised its price target.
- Unitree's G1 humanoid robot costs roughly $16,000.
Chinese robot maker Unitree Robotics has seen its shares jump more than 60% since October 15, lifting its market value to $40.8 billion. Investors are betting that advancements in large language models, similar to those powering chatbots, will enable robots to perform complex physical tasks. Unitree founder Wang Xingxing fueled the rally by stating that large models could break through in physical AI within one to three years. JPMorgan upgraded Unitree to overweight from underweight on Monday and raised its price target.