BioSig Technologies (NASDAQ:BSGM) stock is rising higher on Thursday as subsidiary BioSig AI Sciences joins Nvidia’s (NASDAQ:NVDA) Inception program.
The Inception program is one that Nvidia uses to select companies with promising developments in the artificial intelligence and data science spaces. With BioSig AI Sciences joining the program, it will gain access to advantages from Nvidia.
A few examples of how this news helps out BioSig AI Sciences include the support that Nvidia offers. Among that is help with product development, prototyping and deployment. Partners of the program also benefit from engineering advice as well as hardware and software support and more.
Ken Londoner, founder, chairman and CEO of BioSig Technologies, said the following about the news:
“We are thrilled to join an elite group of AI-centric technology companies leading the evolution of machine learning and AI across industries […] We believe NVIDIA Inception will help advance BioSig’s role in identifying transformational applications of AI opportunities in healthcare.”
What This Means for BSGM Stock
AI is a hot topic among traders lately, which means today’s news is likely to spark interest in BSGM stock. Helping with that is the partnership with Nvidia, which is a major player in the AI space and one many investors expect great things from.
With all of this news comes heavy trading today BSGM stock today. As of this writing, more than 8.7 million shares have changed hands. To put that in perspective, the company’s daily average trading volume is about 287,000 shares.
BSGM stock is up 19.2% as of Thursday morning.
Investors looking for more of the most recent stock market news are going to want to stick around!
We have all of the latest stock market coverage that traders need to know about on Thursday! Among that is what has shares of Discover Financial (NYSE:DFS) stock, Netcapital (NASDAQ:NCPL) stock and Eliem Therapeutics (NASDAQ:ELYM) stock moving today. All of that news is available at the links below!
More Thursday Stock Market News
- Why Is Discover Financial (DFS) Stock Down 13% Today?
- Why Is Netcapital (NCPL) Stock Down 42% Today?
- Why Is Eliem Therapeutics (ELYM) Stock Up 6% Today?
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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
