10 Trending AI Health Stocks

4. Intuitive Surgical, Inc. (NASDAQ:ISRG)

Number of Hedge Fund Holders: 67   

Intuitive Surgical, Inc. (NASDAQ:ISRG) is a pioneer in robotic surgery, most notably with its Da Vinci system, which incorporates AI to enhance precision and expand surgical capabilities. AI algorithms improve the system’s accuracy in tasks like tissue manipulation and surgical planning. The system is used in a growing range of procedures, including urological, gynecological, and general surgeries, significantly improving patient outcomes through minimally invasive techniques.

Financially, the adoption of AI-enhanced Da Vinci systems has contributed significantly to Intuitive’s revenue. In 2023, Intuitive Surgical, Inc. (NASDAQ:ISRG) reported a 14% revenue growth, with a total of 1,370 systems installed worldwide—a year-over-year increase of 8%. System sales accounted for $480 million in Q4 alone, reflecting strong demand. Procedure volume using these systems grew by 21%, leading to a 17% rise in quarterly revenue, totaling $1.93 billion for Q4. Operating income also increased by 20%, reflecting the rising adoption of its AI-powered surgical systems.