The Gabelli Global Growth Fund on Fanuc Corp.
Thesis
Fanuc is the world's largest industrial robot maker and a global leader in CNC systems. Gabelli sees demand recovering after a multi-year industrial and machine-tool downcycle, helped by European manufacturing and EV-related automation investment. Longer term, labor shortages, industrial automation, robotics, and AI-enabled automation provide structural growth drivers.
“Longer term, Fanuc is well positioned to benefit from broader adoption of industrial automation and robotics.”
Key risks
- Cyclicality in machine-tool and general industrial capital spending