SDGR - This Artificial Intelligence (AI) Stock Is Powering the Biotech Revolution: Should You Invest?
2023-10-25 06:50:00 ET
We may be on the cusp of an artificial intelligence ( AI ) revolution. With the growth of ChatGPT and other lifelike chatbots, the technology giants are making a huge push to build consumer-facing AI tools. This has propelled growth technology stocks in 2023, some to record highs. Companies in the cloud computing and semiconductor markets should benefit from the proliferation of these AI services, and investors are getting increasingly bullish about what it means for their stock prices.
But the AI revolution is not just for consumer-facing software. There is a mountain of money getting spent on AI-focused solutions in the life sciences, healthcare, and drug discovery space. But what companies are powering this research? Enter Schrödinger (NASDAQ: SDGR) . The physics- and machine learning-based computation platform is helping power the next leg of the biotechnology revolution. Should you buy shares?
Schrödinger -- named for the famous quantum physicist -- was started in 1990 by Richard Friesner and Bill Goddard. The two aren't running the business today (Friesner remains on the board), but the current team has a similar mission to the founders decades ago: Help companies run simulations with lifelike physics models.
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This Artificial Intelligence (AI) Stock Is Powering the Biotech Revolution: Should You Invest?