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Absci Corporation.

3.03

-0.0400-1.30%

Post-market: 3.060.0283+0.93%19:41 EDT

Volume:1.53M

Turnover:4.64M

Market Cap:385.88M

PE:-3.24

High:3.12

Open:3.10

Low:2.97

Close:3.07

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Overview Company News Filings

US Equity Futures Turn Lower Pre-Bell as Investors Eye Fed Minutes

MT Newswires Live

AMD is going head-to-head with Nvidia in AI-backed drug discovery with new deal

Pre-Bell | Fed’s Waller Backs More Rate Cuts; QBTS Declines 30%; Rigetti Drops 26%; Absci Soars 45%

Tiger Newspress

Absci, AMD Team up to Advance AI Drug Discovery

MT Newswires Live

Absci Shares Rise 27% on Report of $20 Mln Investment from Advanced Micro Devices

BUZZ-Absci rises on $20 million investment from AMD

KeyBanc Lowers Price Target on Absci to $5 From $6, Keeps Overweight Rating

MT Newswires Live

Absci Rises After Report on $20M Investment by Advanced Micro Devices

BRIEF-AMD To Invest $20 Million In ABSCI

Absci and Amd Announce Collaboration and Strategic Investment to Accelerate the Future of AI Drug Discovery

THOMSON REUTERS

Absci Corp - Amd to Invest $20 Million in Absci

THOMSON REUTERS

Absci Corp Shares Extend Gains Premarket, Last up About 28%

THOMSON REUTERS

Absci Corp Shares up 15% Premarket After Report That Amd Is Investing $20 Mln in Co

THOMSON REUTERS

MEDIA-AMD invests $20 million in drug-discovery company Absci- WSJ

Absci and Invetx Partner to Bring Generative AI Drug Creation Platform to Animal Health

THOMSON REUTERS

Why Absci Corporation (ABSI) Is One of the Best Biotech Penny Stocks to Invest in Now?

Absci Price Target Maintained With a $7.00/Share by HC Wainwright & Co.

Scotiabank Remains a Buy on AbSci (ABSI)

Truist Financial Issues a Buy Rating on AbSci (ABSI)

Absci highlights progress, updates across proprietary pipeline

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Advanced Micro Devices Inc. is going head-to-head with bigger rival Nvidia Corp. in artificial intelligence-backed drug discovery with news of a new partnership and investment in startup Absci Corp.It's AMD's  first investment in the healthcare space, which is already a target of market leader Nvidia. . Drug discovery is a key area for AI, given the speed at which models trained on massive datasets can tackle a variety of tasks. Last year, Nvidia said it was doubling down on AI-powered drug discovery via expanded partnerships with Amgen Inc.  and Recursion Pharmaceuticals Inc. .Amgen subsidiary deCODE Genetics is building out an Nvidia supercomputer to create genomics \"foundation models,\" the company announced at an event last January.Recursion, meanwhile, has adopted Nvidia's own generative-AI platform for drug discovery, BioNeMo. 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The action comes after a sharp decline in Big Tech stocks and renewed fears over the path of rate cuts spurred a sell-off on Wall Street.Da","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["MRNA","TSLA","ABSI","RGTI","IONQ","SEDG","QBTS","QUBT","CALM","AMD","PLTR","NVDA"],"gpt_icon":1},{"id":"2501450721","title":"Absci, AMD Team up to Advance AI Drug Discovery","url":"https://stock-news.laohu8.com/highlight/detail?id=2501450721","media":"MT Newswires Live","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2501450721?lang=en_us&edition=fundamental","pubTime":"2025-01-08 21:02","pubTimestamp":1736341353,"startTime":"0","endTime":"0","summary":"Absci  said Wednesday it has entered into a strategic collaboration with Advanced Micro Devices  to deploy AMD Instinct accelerators and ROCm software to power AI drug discovery workloads, including Absci's advanced de novo antibody design models.As part of the collaboration, Advanced Micro Devices is also investing $20 million in Absci, structured as a private investment in public equity.The collaboration will be featured at the 43rd Annual J.P. Morgan Healthcare Conference on Jan. 15, Absci said.","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["LU0823421333.USD","LU0823421416.USD","LU0642271901.SGD","GFS","LU1880398471.USD","BK4573","IE00B5949003.HKD","LU1852331112.SGD","LU0390134368.USD","LU0082616367.USD","LU1989764664.SGD","LU1880398554.USD","BK4121","LU1951200564.SGD","LU2360106780.USD","TISI","BK4588","LU0823434740.USD","BK4141","BK4529","BK4539","LU1803068979.SGD","BK4512","LU2098885051.SGD","BK4585","LU2458330243.SGD","LU1316542783.SGD","LU1242518931.SGD","BK4534","LU1988902786.USD","LU0979878070.USD","IE00BMPRXR70.SGD","LU0198837287.USD","LU1303367103.USD","LU0889565833.HKD","LU2458330169.SGD","IE0009356076.USD","LU2054465674.USD","BK4532","LU0109392836.USD","BK4120","ABSI","LU2264538146.SGD","LU0823434583.USD","LU1064131342.USD","LU0719512351.SGD","LU1242518857.USD","LU0056508442.USD","BK4575","AMD"],"gpt_icon":1},{"id":"2501726790","title":"Absci Shares Rise 27% on Report of $20 Mln Investment from Advanced Micro Devices","url":"https://stock-news.laohu8.com/highlight/detail?id=2501726790","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2501726790?lang=en_us&edition=fundamental","pubTime":"2025-01-08 20:36","pubTimestamp":1736339760,"startTime":"0","endTime":"0","summary":"Shares of Absci on Wednesday jumped following a report on a $20 million investment from Advanced Micro Devices.The stock was up 27% to $3.89 in pre-market trading. Through Tuesday's close, shares have fallen 25% over the past 12 months.Advanced Micro Devices is making the investment in the Washington state-based drug-discovery company to sell its artificial intelligence chips in the healthcare sector, The Wall Street Journal reported.The deal is structured as a private investment in a public equity and includes an equity stake in Absci, the Journal reported, adding that AMD didn't disclose the amount of its stake.The move is AMD's first attempt to gain footing in life sciences with its AI chips, a space also targeted by its rival Nvidia.In 2023, Nvidia invested $50 million to boost Recursion Pharmaceuticals' AI-based drug-discovery efforts and provided the underlying hardware for that work.","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4575","LU0061475181.USD","LU0476273544.USD","IE00BMPRXQ63.HKD","NVDU","LU0823414551.USD","NVDS.UK","LU2505996681.GBP","ABSI","BK4121","HK0000320223.HKD","NVD2.UK","BK4550","LU2125909593.SGD","LU0942090050.USD","LU2125909916.SGD","BK4581","LU2602419157.SGD","AMD","NVD","LU0689472784.USD","IE00BD6J9T35.USD","LU1804176565.USD","NVDS","2NVD.UK","LU1868836914.USD","LU2098885051.SGD","NVDA","LU1868837136.USD","NVIW.SI","GFS","LU1815336760.USD","NVDD","LU1935043536.SGD","LU0308772762.SGD","IE0034235188.USD","IE00B7KXQ091.USD","IE00BZ1G4Q59.USD","LU1988902786.USD","BLZ.SI","NVD3.UK","BK4543","SNVD.UK","BK6088","LU2213496289.HKD","LU2505996509.AUD","NVDX","3NVD.UK","NVDY"],"gpt_icon":1},{"id":"2501896726","title":"BUZZ-Absci rises on $20 million investment from AMD","url":"https://stock-news.laohu8.com/highlight/detail?id=2501896726","media":"Reuters","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2501896726?lang=en_us&edition=fundamental","pubTime":"2025-01-08 20:24","pubTimestamp":1736339097,"startTime":"0","endTime":"0","summary":"BUZZ-Absci rises on $20 million investment from AMD ** Shares of AI biologics firm Absci Corp ABSI.O rise 30.6% to $4.01 premarket ** Co announces a strategic collaboration with Advanced Micro Devices AMD.O, where the chipmaker will invest $20 mln in co to power AI drug discovery ** The investment is structured as a private investment in public equity or PIPE financing** The partnership will provide AI solutions and also help reduce infrastructure costs for ABSI     ** ABSI will deploy AMD's AI chips to help in drug discovery which \"will enable us to further the development of next-generation antibody therapeutics\"- ABSI ** Absci previously struck a deal worth up to $247 mln with  drugmaker AstraZeneca AZN.L to design an antibody to fight cancer** Up to last close, ABSI had fallen 8.6% in the past 12 months   ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250108:nL4N3O40RN:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0109392836.USD","LU2089283258.USD","LU1057294990.SGD","IE00BJT1NW94.SGD","IE00B5949003.HKD","LU0882574055.USD","LU1242518857.USD","LU1023059063.AUD","LU2458330243.SGD","LU0052756011.USD","LU0047473722.EUR","BK4139","LU1814569148.SGD","LU0889565080.SGD","LU0889566641.SGD","LU0082616367.USD","LU0203347892.USD","LU2324357040.USD","LU0708994859.HKD","LU1316542783.SGD","LU1015430645.USD","LU2133065610.SGD","LU1003076772.USD","LU0640478417.SGD","LU0545039389.USD","LU2089284900.SGD","LU0575583348.USD","LU0823421416.USD","LU2098885051.SGD","LU1880407132.USD","LU0949170772.SGD","BK4573","LU2279689827.SGD","LU0128525929.USD","LU1267930490.SGD","LU2114397693.USD","LU1019632923.USD","AMD","LU1880407215.USD","LU2089984988.USD","ABSI","SG9999013999.USD","LU0345777659.USD","AZN.UK","IE0009355771.USD","BK4539","03165","LU1051770623.HKD","LU1064131342.USD","LU0963555726.SGD"],"gpt_icon":1},{"id":"2501838726","title":"KeyBanc Lowers Price Target on Absci to $5 From $6, Keeps Overweight Rating","url":"https://stock-news.laohu8.com/highlight/detail?id=2501838726","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2501838726?lang=en_us&edition=fundamental","pubTime":"2025-01-08 20:22","pubTimestamp":1736338937,"startTime":"0","endTime":"0","summary":"Absci (ABSI) has an average rating of buy and mean price target of $8.11, according to analysts polled by FactSet.(MT Newswires covers equity, commodity and economic research from major banks and rese","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate","earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["ABSI"],"gpt_icon":0},{"id":"1165972952","title":"Absci Rises After Report on $20M Investment by Advanced Micro Devices","url":"https://stock-news.laohu8.com/highlight/detail?id=1165972952","media":"Seeking Alpha","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1165972952?lang=en_us&edition=fundamental","pubTime":"2025-01-08 20:18","pubTimestamp":1736338724,"startTime":"0","endTime":"0","summary":"$Absci Corporation.$  was rising after a media report about the semiconductor company  $Advanced Micro Devices$  investing $20M in the AI drug creation company.ABSI stock was trading +32% Wednesday pre-market at $4.05, while AMD was -2.8% to $123.76.The private investment in public equity  aims to help AMD increase the use of its AI chips in the healthcare sector, a January 8 report by the Wall Street Journal said.The PIPE investment also includes an equity stake in Absci, according to the repor","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://seekingalpha.com/news/4393349-absci-rises-after-report-on-20m-investment-by-advanced-micro-devices","is_publish_highlight":true,"source_rank":0,"column":"","sentiment":"0","news_top_title":"Absci Rises After Report on $20M Investment by Advanced Micro Devices","news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"lsy1728464409321","symbols":["AMD","ABSI"],"gpt_icon":1},{"id":"2501725593","title":"BRIEF-AMD To Invest $20 Million In ABSCI","url":"https://stock-news.laohu8.com/highlight/detail?id=2501725593","media":"Reuters","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2501725593?lang=en_us&edition=fundamental","pubTime":"2025-01-08 20:06","pubTimestamp":1736337969,"startTime":"0","endTime":"0","summary":"BRIEF-AMD To Invest $20 Million In ABSCIJan 8 (Reuters) - Absci Corp ABSI.O:ABSCI AND AMD ANNOUNCE COLLABORATION AND STRATEGIC INVESTMENT TO ACCELERATE THE FUTURE OF AI DRUG DISCOVERYABSCI CORP - AMD 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