Recursion Pharmaceuticals, Inc. (RXRX): A Very Important AI Stock According to BlackRock [Yahoo! Finance]
Recursion Pharmaceuticals, Inc. - Class A (RXRX)
Company Research
Source: Yahoo! Finance
Artificial intelligence has been the buzzword around Wall Street for many months but a recent selloff in the technology sector has ignited fears of an AI bubble. Investors are looking towards experts to help them make better investment decisions. In a recent commentary on the AI market, as well as the macro conditions surrounding the economy, the investment titan highlighted multiple factors contributing to market volatility, including recession concerns, pre-US election jitters, and profit-taking. Despite these, the investment firm noted, US corporate earnings have been resilient, with the S&P 500 showing 13% growth in the second quarter of 2024, surpassing expectations. The AI sector remained a key theme of this growth, but BlackRock relented that investors were becoming cautious about the scale of AI spending by tech companies. In this environment, the investment firm recommended diversifying investments into energy, utilities, real estate, and resources tied to AI infrastructure.
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RXRX
News
- Familial Adenomatous Polyposis Pipeline Landscape Report 2024 [Yahoo! Finance]Yahoo! Finance
- Recursion Pharmaceuticals, Inc. (NASDAQ: RXRX) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $11.00 price target on the stock.MarketBeat
- Recursion and Exscientia, two leaders in the AI drug discovery space, have officially combined to advance the industrialization of drug discoveryGlobeNewswire
- Recursion and Exscientia Shareholders Approve the Proposed CombinationGlobeNewswire
- Recursion Announces the Release of OpenPhenom-S/16 in Google Cloud’s Model GardenGlobeNewswire
RXRX
Earnings
- 11/6/24 - Miss
RXRX
Sec Filings
- 11/21/24 - Form 144
- 11/20/24 - Form 8-K
- 11/20/24 - Form S-8
- RXRX's page on the SEC website