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Butterfly Network Inc (NYSE:BFLY) is among the best medical AI stocks to buy now. The stock has soared more than 90% over the past six months.

On March 30, Butterfly Network announced that it secured FDA approval of its AI-powered handheld ultrasound tool for estimating gestation age. The company says this tool delivers results in under two minutes. The AI model powering this device was trained on millions of ultrasound images drawn from diverse clinical settings and patient populations.

Butterfly says this tool is designed to help clinicians make faster decisions in emergency situations or rural clinical settings. The tool integrates into Butterfly’s mobile app. With FDA approval, Butterfly sees the AI tool expanding access to maternal care in underserved areas. Butterfly says that there remains a significant gap in access to prenatal imaging both in rural US counties and international markets.

According to Fortune Business Insights, the global handheld ultrasound market was valued at $397.29 million in 2025 and is projected to grow to $1.13 billion by 2034. Butterfly Network is gunning for its fair share of this massive market opportunity.

In Q4 2025, Butterfly’s revenue grew faster than expected. The company posted revenue of $31.5 million, which increased 41% YoY and beat the consensus estimate of $25.6 million. Adjusted loss per share of $0.02 improved from a loss per share of $0.05 in the prior years and beat the consensus forecast of a loss per share of $0.05. Butterfly wrapped up 2025 with $150.5 million in cash.

Butterfly Network Inc (NYSE:BFLY) makes medical imaging devices. It offers AI-powered portable ultrasound devices that work with smartphones, making medical imaging accessible to everyone in need of the service. Its primary handheld ultrasound devices iQ+ and iQ3.

While we acknowledge the potential of BFLY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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