10 Stocks That Will Change the World

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11. GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Number of Hedge Fund Holders In Q1 2024: 56

GE HealthCare Technologies Inc. (NASDAQ:GEHC) is another medical devices company that sells products such as x ray machines, CT machines, ultrasound products, MR machines, and others. This means that while the firm has a sizeable and stable market at its disposal and benefits from recurring revenue as well, the nature of its products and industry leaves little room for disruption. Simply benefiting from AI does not mean that a firm can change the world, so even though GE HealthCare Technologies Inc. (NASDAQ:GEHC)’s machines can incorporate AI to improve diagnostic outcomes, they can face competition from rivals in the space too. The shares tanked by 14% in April after GE HealthCare Technologies Inc. (NASDAQ:GEHC)’s first quarter earnings when revenue of $4.6 billion missed analyst estimates of $4.8 billion.

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