Why Shares of Exscientia Soared This Week

Shares of Exscientia (NASDAQ: EXAI) were up 30.3% for the week as of Friday morning, according to data provided by S&P Global Market Intelligence. One reason for this week's share growth was the company's first-quarter earnings report. When chipmaker Nvidia posted strong earnings on the back of AI growth, that helped lift other AI-associated stocks such as Exscientia, which uses AI to help it discover oncology therapies, frequently partnering with larger pharmaceutical companies.