Unitree shares surge after founder bets large AI models will power robots within three years

Unitree Robotics shares have risen over 60% since October 15, lifting the company's market value to 271.8 billion yuan ($40.8 billion). Founder Wang Xingxing stated at a October 22 conference that large AI models could break through in physical AI within one to three years, enabling robots to perform tasks like folding laundry on command. JPMorgan upgraded the stock to overweight and raised its price target after reviewing Unitree's humanoid lineup.