AMD is going head-to-head with Nvidia in AI-backed drug discovery with new deal
Chip maker AMD is investing $20 million in AI drug startup Absci, which will use AMD chips and software for drug development.
Absci Stock Jumps As AMD Invests $20M To Boost AI Drug Discovery
AI drug creation company Absci Corporation (NASDAQ:ABSI) shares are trading higher in premarket on Wednesday after the company entered into a strategic collaboration with Advanced Micro Devices Inc (NASDAQ:AMD) to enhance its AI drug discovery capabilities.
Absci and AMD Announce Collaboration and Strategic Investment to Accelerate the Future of AI Drug Discovery
Absci Corporation (NASDAQ: ABSI), a data-first generative AI drug creation company, today announced a strategic collaboration with AMD to deploy AMD Instinct™ accelerators and ROCm™ software to power critical AI drug discovery workloads,
AMD Invests in Drug-Discovery Company Absci in Push to Sell AI Chips
The $20 million deal gives the chip supplier a toehold in the life-sciences market, a strategy it plans to replicate in other industries.
AMD invests $20 million in AI drug research at Vancouver-based Absci
Chip designer AMD said Wednesday that it will invest $20 million in Absci, the Vancouver company that aims to use artificial intelligence to develop new drug therapies. Absci hopes artificial intelligence will enable it to move faster to develop protein-based medicines called biologics,
Absci rises after report on $20M investment by Advanced Micro Devices
Absci (NASDAQ:ABSI) was rising after a media report about the semiconductor company Advanced Micro Devices (NASDAQ:AMD) ...
Here's Everything AMD Stock Investors Need To Know About the Recent CES Announcements
Stock prices used were from the trading day of Jan. 6, 2025. The video was published on Jan. 7, 2025. Start Your Mornings Smarter!
Analyst on Advanced Micro Devices (AMD): ‘The Upside Is Way Better Than The Downside’
We recently published a list of 10 AI Stocks on Investors’ Radar In January 2025. In this article, we are going to take a ...
Advanced Micro Devices Inc. stock outperforms competitors despite losses on the day
The stock's fall snapped a two-day winning streak.
Is Advanced Micro Devices (AMD) Stock a Buy Now?
It's clear that AMD isn't the AI company Nvidia is. Its $3.5 billion in data center revenue in Q3 was a fraction of Nvidia's ...
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Why Advanced Micro Devices (AMD) Dipped More Than Broader Market Today
The latest trading day saw Advanced Micro Devices (AMD) settling at $127.33, representing a -1.71% change from its previous close.
This Is What Whales Are Betting On Advanced Micro Devices
Investors with a lot of money to spend have taken a bullish stance on Advanced Micro Devices AMD . And retail traders should ...
2 Tech Stocks Wall Street Thinks Could Soar in 2025
The stock is up 25% over the last 12 months, but it still trades around the same price-to-sales multiple of 13. For the stock ...
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Wall St set for flat open as investors assess data, Trump economic emergency report
Wall Street's main indexes were set for a subdued open on Wednesday, as investors digested softer-than-expected jobs data and ...