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Stock impact report

The AI Advantage: 2 Healthcare Stocks at the Forefront of Innovation [Yahoo! Finance]

Ginkgo Bioworks Holdings, Inc. (DNA) 
Company Research Source: Yahoo! Finance
While there's no clear victor yet, there are a few businesses that have built AI into the center of their strategy. To get an idea about how big of an impact AI is having already, let's take a look at what two of these innovators are doing with AI, and why it matters to investors. 1. Ginkgo Bioworks Ginkgo Bioworks (NYSE: DNA) is using AI to help other biopharma businesses produce more of the biomolecules and bioengineered organisms they need -- and more cheaply than they can do it on their own. In short, Ginkgo is a service company. Any innovation it can implement to slash its customer-servicing costs will help it generate earnings as it scales to reach a larger portion of the market. AI is thus a core technology, as it can increase efficiency at multiple points of the value chain. First, AI is involved in parsing clients' requirements into the planning of the laboratory operations that'll be necessary to deliver what they're seeking. For instance, to design a bioengineered Show less Read more
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