Shares of 10 Firms Soar on Friday

2. Recursion Pharmaceuticals Inc. (NASDAQ:RXRX)

Recursion Pharmaceuticals extended a six-day winning streak on Friday, surging 23.88 percent to close at $10.53 as investor optimism was fueled by Nvidia Corp.’s (NVDA) holdings in the company while disposing of shares in other firms.

NVDA submitted a regulatory filing on Friday, showing ownership reduction and increases in various stocks. Notably, NVDA retained its 7.7-million holdings in RXRX, while exiting firms, including SoundHound AI.

The news represented a vote of confidence not just for NVDA but among small investors.

In other developments, RXRX is also expected to release its earnings performance for 2024 within the next few weeks.

RXRX is a clinical-stage biotechnology company leading the space by decoding biology to industrialize drug discovery.