Moderna and Recursion Use AI to Accelerate Drug Development, But Recursion's Widening Losses Raise Concerns
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Moderna uses AI to speed up drug development and mRNA sequencing. It recently partnered with IBM to leverage quantum computing and AI for faster discoveries.
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Moderna has over 40 programs in development and plans to launch 15 new products in the next 5 years, so its growth prospects extend beyond just AI.
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Recursion Pharmaceuticals uses its AI platform for faster drug discovery, but doesn't expect product revenue anytime soon.
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Recursion has an unproven AI platform and widening losses, making it a risky AI stock pick right now.
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Nvidia recently invested $50 million in Recursion, but the stock has already given back most of its gains, showing investor skepticism.