Top 5 Medical AI Companies

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

Market Cap: $104.6B

Intuitive Surgical, Inc. (NASDAQ:ISRG) has been using AI and machine learning in the development of its surgical robots for several years. Intuitive Surgical, Inc. (NASDAQ:ISRG)’s da Vinci robotic surgical system uses AI and machine learning technologies.

As of the end of the second quarter of 2023, 68 hedge funds tracked by Insider Monkey had stakes in Intuitive Surgical, Inc. (NASDAQ:ISRG). The biggest hedge fund stakeholder of Intuitive Surgical, Inc. (NASDAQ:ISRG) during this period was Ken Griffin’s Citadel Investment Group which owns a $664 million stake in the company.

Baron Health Care Fund made the following comment about Intuitive Surgical, Inc. (NASDAQ:ISRG) in its second quarter 2023 investor letter:

“Strength in health care equipment was largely due to the outperformance of sleep apnea device company Inspire Medical Systems, Inc. and robotic surgery system pioneer Intuitive Surgical, Inc. (NASDAQ:ISRG). Intuitive Surgical, Inc. manufactures and markets the da Vinci Surgical System, a robotic system used for minimally invasive procedures. Shares increased after Intuitive reported strong first quarter financial results highlighted by a 26% increase in procedures and raised guidance for 2023. These results, which came in well above Street estimates, were driven by strength in general surgery procedures in the U.S. and non-urology procedures outside the U.S. We continue to believe Intuitive has a large opportunity to expand the use of robotic surgery over time.”