Recursion Pharmaceuticals shares are trading higher after the company announced collaboration and a $50 million investment from NVIDIA.
Portfolio Pulse from Benzinga Newsdesk
Recursion Pharmaceuticals announced a collaboration and a $50 million investment from NVIDIA. This has led to an increase in Recursion's share prices.
July 12, 2023 | 12:44 pm
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NEUTRAL IMPACT
NVIDIA has made a $50 million investment in Recursion Pharmaceuticals.
While NVIDIA's investment in Recursion Pharmaceuticals is significant, it's unclear how this will directly impact NVIDIA's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Recursion Pharmaceuticals' shares are trading higher after a $50 million investment from NVIDIA.
The $50 million investment from NVIDIA is a significant financial boost for Recursion Pharmaceuticals, which is likely to positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100