With legal immigration approvals falling sharply, student visas under pressure, and labor costs facing upward strain, many investors are looking at automation and productivity-focused stocks as potential ways to gain exposure to companies that may be better placed when skilled labor is harder to secure. This article looks at how that backdrop links to a U.S. Domestic Automation and Productivity-Enhancing Technology Stocks screener. It also reveals 3 stocks that screen well on business health and future metrics while being exposed to these immigration and workforce trends. The goal is to help you think through where tighter labor supply might matter most for your portfolio.

Ouster (OUST)

Overview: Ouster is a San Francisco based company that produces digital lidar sensors and perception software used in automotive, industrial, robotics, and smart infrastructure applications, including traffic management and autonomous machinery. Its portfolio spans short to long range sensors, cameras, and platforms like Ouster Gemini and BlueCity that turn raw data into real time 3D views of roads, vehicles, and equipment.

Operations: Ouster currently generates about US$185.3 million in revenue primarily from the sale of lidar sensor kits.

Market Cap: US$3.0b

Ouster sits at the crossroads of automation, AI, and labor constraints, supplying lidar and perception platforms to robots, autonomous machinery, and smart infrastructure at a time when tighter immigration and higher wage pressure are pushing companies to automate more tasks. Its push into Intelligent Transportation Systems with BlueCity, partnerships with heavy equipment makers, and software attached bookings indicate a business that is trying to build higher margin, recurring revenue on top of its hardware. At the same time, the stock carries clear risks, including current losses, a rich valuation, insider selling, dilution, and reliance on external funding. For investors weighing whether that trade off is worth it, the key consideration is how these trends could reshape Ouster over the next few years.

Ouster’s push into software, recurring bookings, and automation-heavy customers is only half the story. The real tension is how that opportunity stacks up against funding needs and current losses in the 2 key rewards and 3 important warning signs

Procore Technologies (PCOR)

Overview: Procore Technologies provides a cloud-based construction management platform that lets owners, contractors, architects, and engineers coordinate everything from early planning and bidding through on site execution and financial close out using a single system across web and mobile devices.

Operations: Procore generates about US$1.4b in revenue from its Internet Software & Services platform, with roughly US$1.17b coming from the United States and about US$202.7m from the rest of the world.

Market Cap: US$6.0b

Procore Technologies sits at the intersection of tighter immigration rules and a construction industry that is struggling to find and retain skilled workers. Its cloud platform, now layered with Procore AI, agentic workflows, and a connected Common Data Environment, is built to help contractors get more done with fewer people, which is increasingly important as labor costs rise and visa approvals fall. At the same time, the stock carries risks, including ongoing losses, reliance on external borrowing, and a heavy tilt toward North America that leaves it sensitive to sector slowdowns and funding conditions. For investors, the key question is whether the combination of customer retention, AI driven product expansion, and margin trends can adequately balance those concerns over time.

Procore Technologies looks like a construction workhorse trying to squeeze more output from scarce crews. Get the full context, including margins, cash needs, and product traction in the analysis report for Procore Technologies

Klaviyo (KVYO)

Overview: Klaviyo is a Boston based software company that helps consumer facing brands run email, SMS, social, and customer service in one place by unifying customer data and using AI tools to automate marketing and support workflows.

Operations: Klaviyo generates about US$1.31b in revenue from its Internet Software segment, with roughly US$778.7m from the United States and the rest spread across Europe, the Asia Pacific, and other international markets.

Market Cap: US$4.0b

Klaviyo is getting attention because it sits at the intersection of rising labor costs, tighter immigration, and AI driven automation, offering brands tools like Marketing Agent, Customer Agent, and Helpdesk to handle more customer engagement with fewer human hours. The stock screens as deeply discounted to some valuation estimates and analyst targets. Q1 2026 results showed 28% revenue growth, a move back to positive net income, and the launch of a US$500m buyback program, which together indicate that management has started returning capital. On the flip side, Klaviyo is still early in monetizing newer products, remains exposed to higher infrastructure and messaging costs, and operates in a fiercely competitive software market, so execution quality and future margins are key considerations.

Klaviyo’s mix of 28% revenue growth, a new US$500m buyback, and fresh AI products suggests something bigger may be building under the surface. Get the full story in the full narrative for Klaviyo

The three stocks covered here are just a starting point, and the full U.S. Domestic Automation and Productivity-Enhancing Technology Stocks screener surfaced 30 more U.S. automation and productivity companies with equally compelling business health and future metric combinations. Use Simply Wall St to identify, filter, and analyze the specific catalysts and narratives that matter to you so you can focus on automation and workforce efficiency opportunities across your watchlist.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.