More than a half-dozen billionaire money managers pared down their stakes in Nvidia during the December-ended quarter and bought shares of two high-octane artificial intelligence (AI) companies.With few exceptions over the last three decades, investors have always had a next-big-thing investment trend or innovation to look forward to. But since the advent of the internet in the mid-1990s, other next-big-thing trends have consistently come up short. The rise of artificial intelligence (AI) aims to change tha ...

Intuitive Surgical, Inc. (ISRG) is well-poised for growth in the coming quarters, courtesy of its strength in robotics. The optimism, led by the solid 2023 results and its progress on the Artificial Intelligence (AI) front, is expected to contribute further. However, procedure adoption risks and stiff competition persist.Shares of this Zacks Rank #3 (Hold) company have risen 14.6% so far this year compared with the industry’s 7.3% growth. The S&P 500 Index has gained 9.7% during the same time frame.Intuitiv ...

Lewis Chew elected to Intuitive's BoardAlan Levy, PhD and Don Kania, PhD to retire from Board SUNNYVALE, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- Intuitive (NASDAQ:ISRG), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery, announced today that Lewis Chew, former chief financial officer at Dolby Labs, Inc., has been elected to the Company's Board of Directors, effective April 25. "Lewis brings decades of experience across global organizations, technologies, an ...

Visitors look at a surgical robot at the booth of IntuitiveFosun at the 6th China International ... [+] Import Expo CIIE in east China's Shanghai, Nov. 7, 2023. (Photo by Jin Haoyuan/Xinhua via Getty Images)Xinhua News Agency via Getty ImagesIntuitive Surgical Intuitive Surgical (NASDAQ NASDAQ : ISRG) recently reported its Q1 results, with revenues and earnings beating the street estimates. The company reported revenue of $1.89 billion and adjusted earnings of $1.50 per share, compared to the consensus esti ...

Key PointsIntuitive Surgical is the pioneer and leading provider of robotic-assisted surgical systems.The da Vinci Surgical systems augment the capabilities of surgeons with 10X vision and smooth tremor, less fuller range of motion to perform precision robot-assisted surgeries.Intuitive Surgical grew its installed base of da Vinci systems 14% YoY to 8.887 worldwide.5 stocks we like better than Intuitive SurgicalWhile artificial intelligence (AI) and robots are in the spotlight regularly these days, there's ...

Key PointsIntuitive Surgical is in an uptrend because it is the leading medtech and outpaces expectations. The forecast for growth is good and supported by a global backlog in procedures. Margin is widening and driving improvements in shareholder equity. 5 stocks we like better than Intuitive SurgicalIf you wonder if Intuitive Surgical NASDAQ: ISRG stock can trend higher this year, it can. The med tech business is growing, and Intuitive Surgical is the industry leader and outperforming expectations. The tak ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-30713 Intuitive Surgical, Inc. (Exact name of Registrant as specified in its Charter) Delaware 77-0416458 (State or Other Jurisd ...

Key TakeawaysIntuitive Surgical shares jumped moved more than 3% higher in late trade Thursday after the medical devices maker surpassed analysts first-quarter earnings and sales estimates.The company's robotic da Vinci platform saw year-over-year global procedure growth of 16%, while its next generation da Vinci 5 robotic system received FDA clearance in March.The Intuitive Surgical share price may face resistance around $403 from a a trendline linking three recent price peaks. Shares in Intuitive Surgical ...

Intuitive Surgical, Inc. (NASDAQ:ISRG) Q1 2024 Earnings Conference Call April 18, 2024 4:30 PM ET Company Participants Brian King - Head of Investor Relations Gary Guthart - Chief Executive Officer Jamie Samath - Chief Financial Officer Conference Call Participants Robbie Marcus - JPMorgan Larry Biegelsen - Wells Fargo Travis Steed - Bank of America Rick Wise - Stifel Adam Maeder - Piper Sandler Drew Ranieri - Morgan Stanley Matt Miksic - Barclays Brandon Vazquez - William Blair Jayson Bedford - Raymond Jam ...

For the quarter ended March 2024, Intuitive Surgical, Inc. (ISRG) reported revenue of $1.89 billion, up 11.5% over the same period last year. EPS came in at $1.50, compared to $1.23 in the year-ago quarter.The reported revenue represents a surprise of +1.39% over the Zacks Consensus Estimate of $1.86 billion. With the consensus EPS estimate being $1.40, the EPS surprise was +7.14%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to det ...