Jim Cramer Highlights Intuitive Surgical Rally on Unexpected Procedure Growth

Intuitive Surgical, Inc. (NASDAQ:ISRG) is one of the stocks Jim Cramer put under the spotlight recently. Cramer noted the reason for the stock’s recent rally, as he remarked:

“When you want amazing and you get amazing and your stock’s up a lot, you’ll, well, then you’ll probably get a pullback. Now, I want you to contrast all this with the best-performing stock in today’s session, which is… Intuitive Surgical. Here’s a company that fell out of favor as there hadn’t been as much utilization of their incredible Da Vinci surgical machine of late.

This time, though, there was strong double-digit… procedure growth, up 16% and with the real kicker, the Leerink Partners research said that those procedures grew because of after-hours use. That’s greater leverage of fixed costs. Nobody saw that re-acceleration coming, which is how Intuitive Surgical could rally nearly 14% today.”

Intuitive Surgical, Inc. (NASDAQ:ISRG) designs and manufactures robotic systems and instruments that enable minimally invasive surgical and diagnostic procedures.

While we acknowledge the risk and potential of ISRG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ISRG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.