Is Align Technology Stock Underperforming the Nasdaq?

Align Technology, Inc. (ALGN), headquartered in Tempe, Arizona, designs, manufactures, and markets Invisalign clear aligners, and iTero intraoral scanners and services for orthodontists and general practitioner dentists. With a market cap of $17.1 billion, the company also manufactures software for dental laboratories and dental practitioners. 

Companies worth $10 billion or more are generally described as “large-cap stocks,” and ALGN fits right into that category with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the medical instruments & supplies industry. ALGN’s focus on smooth, technologically advanced approach to orthodontic treatment by combining sophisticated 3D digital scanning with custom aligner production, along with its strong brand reputation and emphasis on innovation, keeps it at the forefront of the industry.