Why BioNTech Stock Jumped by Nearly 4% on Wednesday

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).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.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool