BNP Paribas Analyst Calls Physical AI the Endgame for Humanoid Robots

*Joy Zhang says embodied intelligence will move humanoid machines from labs into routine use and separate clear investment winners from the rest.*

Joy Zhang, APAC Capital Goods Analyst at BNP Paribas, told Bloomberg’s The China Show that physical AI constitutes the technology’s ultimate application. She argued the advance will allow humanoid robots to enter daily life.

Zhang discussed which companies stand to gain and which face displacement as capital goods makers adapt to the shift. No specific names or financial figures were released in the segment.

Why it matters

The remarks frame physical AI not as another software layer but as the point where AI must prove itself in the physical world. For investors and engineers tracking capital-goods supply chains, the comment signals that hardware integration, not model scale alone, will decide near-term returns. Companies that already produce precision actuators, sensors, and lightweight structures are now positioned inside the same conversation as the largest AI labs.

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Sources:

• Bloomberg Technology

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