According to fund manager Robocap, which runs the top-performing Robocap UCITS Fund1, reshoring will give the robotics world a strong tailwind.

With US labour costs sky-high, bringing manufacturing back home means machines over humans. That spells long-term demand for automation tech, even as tariff-induced market shocks jolt investor confidence. Robocap’s fund has already clocked a net return of 181 per cent since 2016, with a compound annual return of 11.84 per cent.

Founder and CIO Jonathan Cohen said: “The strong pace of innovation and continued demand in AI and robotics remains solid since this technology will be a key driver of growth, cost-reduction and industrialisation and reshoring in the coming years. These are not normal times, and investors will have to fasten their seatbelt through the volatility, but our investment thesis remains more valid than ever.”

Nvidia might be feeling the burn right now, but Cohen reckons its long-term growth story is intact. He reminded punters the firm has suffered four separate 40 per cent drops in a decade — yet still saw its share price multiply 100-fold.

Robocap has also been tweaking its portfolio to dodge the worst tariff fallout, shifting weight toward largely immune software firms. It’s keeping a close eye on longer-term AI trends, including the roll-out of Robo-Taxis, which it believes won’t be derailed by protectionist headwinds.

Still, Cohen noted that tariffs are nastier than expected and that the recession risk has spiked at home and abroad.