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QSI Quantum-Si | Why is so Bullish? Price Target ! If you haven`t bought the Double Bottom here: Then I'll try an explanation why QSI Quantum-Si incorporated is so Bullish right now! QSI is a protein sequencing company, which could be revolutionary, similar to the gene sequencing stocks. Quantum-Si Incorporated is dedicated to developing a protein detection platform that enables Next Generation Protein Sequencing (NGPS). This comprehensive platform consists of the Carbon automated sample preparation instrument, the Platinum single-molecule detection and NGPS instrument with Time-Domain Sequencing chip, the Quantum-Si Cloud data analysis software, and reagent kits designed for use with its instruments. QSI's competitor, RXRX, experienced a significant boost in its stock price after announcing a $50 million investment from NVIDIA (NASDAQ: NVDA) on July 12. The investment was part of a private investment in public equity (PIPE) arrangement. With this deal, NVIDIA gains access to Recursion Pharmaceuticals' (NASDAQ: RXRX) extensive biochemical and genetic data. NVIDIA plans to utilize this data to train machine-learning models in support of its new BioNeMo service, an artificial intelligence (AI) tool for drug discovery. Simultaneously, NVIDIA will also collaborate with Recursion to enhance their own models for drug discovery. Apart from Quantum-Si's Platinum product, which began selling this quarter, the company also offers cloud-based proteomics data analysis software, made possible by their single-molecule detection and NGPS instrument with Time-Domain Sequencing chip. Considering this, I believe it's only a matter of time until a major chip developer, such as NVDA, or a cloud services company with interest in the field, makes an investment similar to NVDA's investment in RXRX. This is my growth thesis, and regarding the Price Target, I find $10 to be reasonable for now, and there's also the possibility of a potential buyout. Looking forward to read your opinion about it!
NASDAQ:QSILong
by TopgOptions
4
QSI Quantum-Si Incorporated Double BottomQSI started the reversal I was mentioning here: Quantum-Si incorporated, a life sciences company, develops a single molecule detection platform for sample preparation and sequencing. QSI is heading to the next resistance, $2.52, which I think is the price target of this stock for now. Cathie Wood`s ARK Invest is the biggest shareholder with an Estimated Average Price Paid of $9.91/share. So I`m extremely optimistic about the future of this company. Looking forward to read your opinion about it.
NASDAQ:QSILong
by TopgOptions