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Stephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to explain her latest portfolio moves.
Chipotle's new autocado robot can process an avocado in 26 seconds, partly removing the need for employees that cost $20 an hour.
Your next Chipotle (CMG) order could be made by robot hands.
Chipotle has started testing out robots that help workers make guacamole faster. The chain says two California locations are using Autocado machines that can cut, core and peel avocados in about 26 seconds.
Restaurant chain launches pilot programs for both its Autocado and Augmented Makeline.
The company's cobots (collaborative robots) are assisting crew members in Chipotle restaurants for the first time Through its Cultivate Next venture fund, Chipotle has invested in Vebu, a product development company that has co-created Autocado, and Hyphen, a foodservice platform that automates kitchen operations and has co-developed Chipotle's Augmented Makeline NEWPORT BEACH, Calif. , Sept. 16, 2024 /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) announced today Autocado, its avocado processing cobotic prototype developed in partnership with Vebu that cuts, cores, and peels avocados before they are hand mashed to create the restaurant's signature guacamole, and the Augmented Makeline, a cobotic makeline built in collaboration with Hyphen, are being tested in Chipotle restaurants for the first time.
Chipotle stock is down 20% from its 52-week high. The stock of this growing restaurant chain is up 300% over the past decade.
Chipotle Mexican Grill (CMG) closed at $56.35 in the latest trading session, marking a +1% move from the prior day.
Zacks.com users have recently been watching Chipotle (CMG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Chipotle's stock has been a huge winner in the past few years. The company's growth has been spectacular, thanks to new store openings.