5 AI Healthcare Stocks To Buy

2. Butterfly Network, Inc. (NYSE:BFLY)

Butterfly Network, Inc. (NYSE:BFLY) is a Massachusetts-based company that makes AI-based solutions for diagnostics and imaging. Butterfly Network, Inc. (NYSE:BFLY) last year introduced Butterfly Blueprint as well as the world’s first FDA-cleared AI guidance software. Butterfly Network, Inc. (NYSE:BFLY) said that the software works with hospital systems’ infrastructures.

Butterfly Network gets investors’ attention because it is a Bill Gates-backed company. As of the end of the third quarter, The Gates Foundation has a $4.8 million stake in Butterfly Network, Inc. (NYSE:BFLY).

Of the 920 hedge funds tracked by Insider Monkey as of the end of the third quarter, 16 funds had stakes in Butterfly Network, Inc. (NYSE:BFLY), compared to 14 funds in the previous quarter.