Ellie Urenko ’25 re-pitched Intuitive Surgical (NASDAQ: ISRG) on December 2, 2024. When pitched on October 28, 2024, the class originally had concerns relating to the company’s valuation in the market and reliance on global manufacturing facilities. Throughout the semester, the class has observed the continued evolution of Artificial Intelligence and its increasing integration into the healthcare industry. Additionally, Intuitive Surgical’s manufacturing capabilities are expanding with the opening of their new regional headquarters in Peachtree Corners, GA, and there is growing optimism in the market surrounding the release of the da Vinci 5 System in 2025.
SMIF ultimately voted to buy approximately $54,200 of Intuitive Surgical (ISRG), financed through selling 200 shares of Novo Nordisk, 260 shares of the Healthcare Select Sector SPDR Fund (XLV), and utilizing $11,486 of cash.