Ginkgo Bioworks' AI-Driven Growth
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biotechThe Motley Fool
•This 1 AI Stock Could Revolutionize Biotech and Pharma
81% Informative
Ginkgo Bioworks is a biotech that's going big on artificial intelligence.
Between its need to perform core workflows with high efficiency, and its generation of tons of biological and manufacturing data that demand analysis, it will likely find AI becoming more important to it over time.
The company isn't profitable just yet; it plans to realize $100 million in annual savings in 2024 .
Investors should get a better picture of whether Ginkgo 's ambitious plans will come to fruition within the next 12 months .
Until then, it's best to hold off on a purchase.
Consider when Nvidia made this list on April 15, 2005 ... if you invested $ 1,000 at the time of our recommendation, you’d have $ 731,449 !.
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