Fred Alger Management released its third-quarter 2025 investor letter, reporting an 8.12% rise in the S&P 500 Index. The Alger Spectra Fund’s Class A shares outperformed the Russell 3000 Growth Index during this quarter, attributing success to economic improvements, strong earnings, and monetary easing expectations.

In its investor letter, Alger Spectra Fund highlighted Intuitive Surgical, Inc. (NASDAQ:ISRG), noting a 32.04% one-month return and a 7.29% increase in share value over the last 52 weeks. On November 10, 2025, Intuitive Surgical, Inc. closed at $576.20 per share with a market cap of $204.261 billion.

Alger Spectra Fund expressed confidence in Intuitive Surgical, Inc. (NASDAQ:ISRG) due to its advanced surgical systems and strong business model. Despite a downturn in share price due to moderating procedure growth and hospital spending concerns, the company’s market position and shift towards minimally invasive care remain promising.

Intuitive Surgical, Inc. (NASDAQ:ISRG) is not among the 30 most popular stocks among hedge funds, but 107 hedge fund portfolios held it at the end of the second quarter. In Q3 2025, Intuitive Surgical, Inc.’s revenue surged 23% to $2.5 billion. While the company shows potential as an investment, some AI stocks offer greater upside potential with less downside risk.

Read more at Yahoo Finance: Should You Hold Intuitive Surgical (ISRG)?