Billionaire Steve Cohen’s Top 15 Stock Picks

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

Number of Hedge Fund Holders: 82

Point72 Asset Management’s Stake: $214.9 million     

Intuitive Surgical, Inc. (NASDAQ:ISRG) develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care. The following aspects illustrate why the company stands out as an investment opportunity. To begin with, as per the reports of the third quarter of 2024, the company has placed 493 da Vinci surgical systems, of which 174 were da Vinci 5 systems, showing an increase of 19% compared with 415 in the fourth quarter of 2023. During 2024, the company placed 1,526 da Vinci surgical systems, of which 362 were da Vinci 5 systems, an increase of 11% compared with 1,370 systems in 2023. This growth in system installations boosts future revenue potential and reinforces the company’s leadership in the robotic surgery market. Secondly, the company plans to take the da Vinci 5 robot from a limited rollout to a broader launch in mid-2025. Moreover, Intuitive Surgical is also expanding its presence in emerging markets, including Asia-Pacific and Latin America. This expansion and integration of AI into the surgical process aims to capitalize on the growing demand for advanced medical technologies.

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