The Nerves — Sensors & Perception · The Embodied Stack — Robotics
CGNX
Cognex Corporationloading…
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Pure-play machine vision — the eyes on every factory line on Earth
What they do
A US small-cap that makes industrial machine-vision systems and barcode readers — the cameras and software that inspect parts on assembly lines, route packages in fulfillment centers, and guide robots to pick objects. Customers: every major automaker, every Amazon warehouse, every electronics fab. ~50% gross margins. Heavy exposure to consumer electronics and EV capex.