Key Takeaways Intuitive Surgical shares hit another record high Thursday as investor sentiment runs high amid growing demand for the company's surgical robotics equipment. The stock has traded within an extended rising wedge since early February last year,

To give this 25% revenue growth rate some perspective, it is the fastest the company has grown since 2021, when it rebounded from COVID-19. Furthermore, it is well above Intuitive Surgical's average 15% annualized growth rate over the last decade.

Intuitive Surgical ISRG recently announced encouraging preliminary revenues for fourth-quarter and full-year 2024. The company's shares rose 7.7% on Jan. 15 on the back of robust preliminary results.