Jim Cramer on Intuitive Surgical: “Too Much Competition”

Intuitive Surgical, Inc. (NASDAQ:ISRG) was among the stocks Jim Cramer discussed as he said that the Iran peace negotiations could trigger an oil glut, cool inflation, and pull interest rates down. Inquiring about the stock, a caller asked if it is a buy. Cramer replied:

Too much competition, too much competition… Used to be king, used to be king. Now, there’s a lot of kings. There’s like three kings or maybe even four kings, and that’s the problem because there’s too many kings.

Photo by Adam Nowakowski on Unsplash

Intuitive Surgical, Inc. (NASDAQ:ISRG) designs and manufactures robotic systems and instruments that enable minimally invasive surgical and diagnostic procedures. A caller asked about the stock during the April 30 episode, and Cramer commented:

Here’s the thing: Both J&J and Medtronic claim they’ve got competitors. And I am worried that one of those two is going to hit pay dirt, and that is going to hurt Intuitive Surgical.

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