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RR Richtech Robotics News Story

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Richtech Robotics surges after announcing Microsoft collaboration

** Shares of Richtech Robotics RR.O surge 36% to $5.18 on Tues after co unveiled Microsoft MSFT.O partnership

** RR shares on course for steepest daily pct gain in just over a year and hit a three-month high

** Las Vegas, Nevada-based firm early Tues announced "a hands-on collaboration with Microsoft through the Microsoft AI Co-Innovation Labs to jointly develop and deploy agentic artificial intelligence capabilities in real-world robotic systems"

** Per the statement, the two firms worked together to enhance RR's flagship ADAM robot "with additional layers of context awareness"

** RR is the #2 trending ticker on retail investor forum Stocktwits on Tues

** About 119 mln RR shares have traded so far on the session, roughly 3x the stock's 10-DMA volume, per LSEG

** Maker of robots for restaurants, hotels, senior living homes and other businesses has ~215 mln shares outstanding for roughly $800 mln market cap through Mon

** With the move on Tues, stock up ~60% to begin the year after ~20% gain in 2025

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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