US Stock Market Move | Received a $20 million investment from AMD, Absci (ABSI.US) surged over 37% in pre-market trading.

On Wednesday, Absci (ABSI.US) surged over 37% in pre-market trading, reaching $4.20. On the news front, Absci received a $20 million investment from AMD (AMD.US) in the form of a private investment in public equity (PIPE). Absci also announced a strategic partnership with AMD to deploy the latter's Instinct accelerator and ROCm software. This investment is expected to help AMD increase the use of its artificial intelligence chips in the healthcare sector.