Blackrock’s 30 Most Important AI Stocks

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19. Medtronic plc (NYSE:MDT)

Number of Hedge Fund Holders: 60     

Medtronic plc (NYSE:MDT) makes and sells device-based medical therapies. The company is using AI in medical domains like clinical decision support, creating new indications, and delivering personalized treatments. There are a variety of factors that underscore why this company is a compelling choice for investors. Firstly, as per the reports of the third quarter of 2024,  the company reported a revenue of $8.089 billion, an increase of 4.7% as reported and 4.6% on an organic basis. This growth demonstrates good strategic management and strong market demand for its offerings. Secondly, the company has expanded the AiBLE spine surgery ecosystem with new technologies and a Siemens Healthineers partnership. This may hold investment potential as it would integrate innovative techniques, robotics, data and AI, imaging, software and implants that would enable more predictable outcomes in spine and cranial procedures.

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