These 10 Companies Led Gains on Wednesday

5. Recursion Pharmaceuticals Inc. (NASDAQ:RXRX)

Recursion Pharmaceuticals Inc. (RXRX), a biotechnology company, reported an 8.87-percent increase in its share prices on Wednesday, a third consecutive day, to finish at $7.49 each.

According to analysts, the firm appears to be earning a boost from the booming AI industry after the Trump administration pledged support to the expansion of the said sector.

At his inauguration event on Monday, President Donald Trump promised that the US government would support the expansion of artificial intelligence through a $500-billion funding.

According to analysts, companies utilizing artificial intelligence to bolster growth, such as Recursion Pharmaceuticals (RXRX), stand to benefit from the AI expansion.

Recursion Pharmaceuticals (RXRX) is a clinical-stage biotechnology firm leading the space by decoding biology to industrialize drug discovery.