Morgan Stanley Predicts China Will Lead the $5 Trillion Humanoid Market, by Hua Bin

Jun 14th 2025 12:00am EDT

An investor friend sent me a Morgan Stanley report published in April titled Humanoids: A $5 Trillion Market. The report validates my hypothesis that embodied AI (i.e. humanoids) is the next frontier beyond foundational LLMs. The opening of the report is certainly attention-catching: While Nvidia’s Jensen Huang and Elon Musk remain the biggest celebrity promoters…

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