Last Week’s Top 10 Stocks Post Double-Digit Gains

5. Recursion Pharmaceuticals Inc. (NASDAQ:RXRX)

Shares of Recursion Pharmaceuticals, Inc. soared 40 percent week-on-week, with the company also experiencing a six-day winning streak as of Friday to close at $10.53 as investor optimism was fueled by Nvidia Corp.’s (NVDA) holdings in the company while disposing of shares in other firms.

NVDA submitted a regulatory filing on Friday showing ownership reduction and increases in various stocks. Notably, NVDA retained its 7.7-million holdings in RXRX, while exiting firms, including SoundHound AI.

The news represented a vote of confidence not just for NVDA but among small investors.

In other news, RXRX is also expected to release its earnings performance for 2024 within the next few weeks.

RXRX is a clinical-stage biotechnology company leading the space by decoding biology to industrialize drug discovery.