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2023-07-21

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Nvidia Backed Shares Recursion Pharmaceuticals Continue to Fly 3% Higher Premarket

$Recursion Pharmaceuticals(RXRX)$ shares continue to jump 3% higher in premarket trading on Friday. The move was sparked after a $50 million investment from $Nvidia (NVDA)$, which was revealed on July

Nvidia Backed Shares Recursion Pharmaceuticals Continue to Fly 3% Higher Premarket

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At one point, the stock traded as high as $14.99, up 121% on the day. </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ccde5bee03d5675d7deee56f7a892bea\" tg-width=\"792\" tg-height=\"620\"/></p><p style=\"text-align: start;\"></p><p style=\"text-align: start;\">All of this stems from a $50 million investment made by Nvidia, “which was implemented as a private investment in public equity.”</p><blockquote>“Recursion will utilize NVDA’s cloud platform to train its AI models using its over 23 petabytes of biological and chemical dataset…</blockquote><blockquote>RXRX said it could potentially use its BioNeMo platform to commercially license or release its AI models.”</blockquote><p style=\"text-align: start;\">The move on July 12 triggered more than 80 million shares of RXRX stock to trade that day. In fact, four of the last six sessions have resulted in a volume that would have exceeded the previous one-day record.</p><p style=\"text-align: start;\">Luckily for the bears, this stock doesn’t have a <em>huge</em> short interest — although it is notable — which would have likely triggered a massive upside move. 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Shares of RXRX rallied more than 75% on July 12. At one point, the stock traded as high as $14.99, up 121% on the day. </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ccde5bee03d5675d7deee56f7a892bea\" tg-width=\"792\" tg-height=\"620\"/></p><p style=\"text-align: start;\"></p><p style=\"text-align: start;\">All of this stems from a $50 million investment made by Nvidia, “which was implemented as a private investment in public equity.”</p><blockquote>“Recursion will utilize NVDA’s cloud platform to train its AI models using its over 23 petabytes of biological and chemical dataset…</blockquote><blockquote>RXRX said it could potentially use its BioNeMo platform to commercially license or release its AI models.”</blockquote><p style=\"text-align: start;\">The move on July 12 triggered more than 80 million shares of RXRX stock to trade that day. In fact, four of the last six sessions have resulted in a volume that would have exceeded the previous one-day record.</p><p style=\"text-align: start;\">Luckily for the bears, this stock doesn’t have a <em>huge</em> short interest — although it is notable — which would have likely triggered a massive upside move. However, bulls are wondering if there’s enough fuel left in the tank to continue to squeeze this one higher.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达","RXRX":"Recursion Pharmaceuticals, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149490262","content_text":"Recursion Pharmaceuticals shares continue to jump 3% higher in premarket trading on Friday. The move was sparked after a $50 million investment from Nvidia , which was revealed on July 12. Shares of RXRX rallied more than 75% on July 12. 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