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Britain is not alone in the doldrums. The economic climate from East to West is equally stormy, with Japan in recession and China struggling.
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A top name in the artificial intelligence world has put its money where its mouth is with this biotech.
Nvidia Stock Target: The rally showed Nvidia's growing influence in the AI world as its market value grows at a scorching pace, making it the third most-valuable U.S. company. Its largest investment of $147.3 million was in Arm Holdings, the chip designer that Nvidia failed to buy after the $80 billion deal hit the antitrust hurdle two years ago.
Shares of biotech firm Recursion Pharmaceuticals, in which Nvidia invested nearly $76 million, gained 5%. Last year, Nvidia had said it would invest in it to speed up training of the Utah-based firm's AI models for drug discovery.