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Stock impact report

Why BioNTech Stock Jumped by Nearly 4% on Wednesday [Yahoo! Finance]

BioNTech SE - American Depositary Shares (BNTX) 
Company Research Source: Yahoo! Finance
It owns and manages an AI developer, InstaDeep. 10 stocks we like better than BioNTech Se › Germany-based BioNTech (NASDAQ: BNTX) saw its U.S. listed stock enjoy a mini-pop on Wednesday, and for once this wasn't largely based on the Comirnaty COVID-19 vaccine it developed with Pfizer . Rather, investors seemed to be cheered by the biotech 's continuing efforts to harness artificial intelligence (AI) technology. Showing their approval, those market players pushed up BioNTech's stock by almost 4% on the day, easily beating the barely over 0.3% rise of the S&P 500 (SNPINDEX: ^GSPC) An eager adopter of cutting-edge tech More than a few of those folks might not have realized that BioNTech owns and operates a subsidiary entirely dedicated to AI called InstaDeep. The company spotlighted InstaDeep's work in its Innovation Series, AI Day, held on Wednesday. Image source: Getty Images. BioNTech has been a longtime user of AI to help it develop new treatments for the market. In fa Show less Read more
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