When Google (NASDAQ: GOOGL) acquired rugged robot maker Boston Dynamics last month -- its 8th robotics acquisition over the last year – iRobot (NASDAQ: IRBT) CEO Colin Angle speculated Google may have been targeting commercial applications related to its self-driving cars.
The most likely end game for Google, he stated, was "low-hanging fruit" in package delivery. After all, Google would need robots to carry packages from the car to consumers' doors, and who better than Boston Dynamics and its incredible bevy of dynamically lifting, balancing robots to do so?
But according to the Fool's Steve Symington in the following video, Google threw a wrench in Angle's speculation when it acquired smart-thermostat maker Nest this week for $3.2 billion. Specifically noting Nest is, at its core, yet another robotics company, Steve thinks this signals an unmistakable -- and, if you're iRobot, worrisome -- push by Google toward automating our homes.
To hear Steve's full take on what this means for both Google and iRobot over the long term, check out the video below.
Consider the six amazing growth stocks in this free report Steve thinks both iRobot and Google have many years of growth ahead of them, but that doesn't mean they're the only great growth stocks out there.
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Technology and consumer goods specialist for the Fool. Steve looks for responsible businesses which positively shape our lives. Then, he invests accordingly. Enjoy his work? Connect with him on Twitter & Facebook so you don't miss a thing.