Why are healthcare AI stocks on the rise?

Healthcare AI stocks are on the rise with the introduction of AI-based solutions. These solutions allow companies to improve operations and cut costs using artificial intelligence. AI technology is being used in many ways in healthcare. It can improve diagnosis, reduce medical errors, and improve patient outcomes.

Is MSFT a good AI stock to buy?

The company has also partnered with AstraZeneca for advancing AI in healthcare. Therefore, the stock is worth considering among AI stocks with a focus on the healthcare sector. It also goes without saying that MSFT is a quality stock to hold in the long-term portfolio. MDT stock is another attractive name among AI stocks in the healthcare industry.

How big is the AI healthcare market in 2022?

A 2022 report by Data Bridge Market Research said that the AI healthcare market is expected to grow at a CAGR of a whopping 51.37% from 2022 to 2029 to reach a value of $175.22 billion. The report also said that the major players operating in this lucrative market include NVIDIA Corporation, Alphabet, Microsoft, Medtronic, among many others.

Which companies are using AI to solve healthcare problems?

Some notable grantees include Novartis Foundation, SRL Diagnostics, BC Cancer, UNOS, among many others. These companies are using AI technologies, thanks to Microsoft, to solve important issues in the healthcare sector.