The rapidly-advancing AI arms race is making significant new winners. In some cases, it’s even less widely known stocks that are gaining an advantage. BullFrog AI (NASDAQ:BFRG) is one such unexpected winner. Investors sent Bullfrog hopping in Tuesday’s trading session, as it landed up nearly 28% by the end of the day.
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The big win for BullFrog came about once it established a new agreement with the Johns Hopkins University Applied Physics Laboratory. The agreement licensed some of Johns Hopkins’ technology for BullFrog’s use. In particular, the license applies to BullFrog’s bfLEAP platform. The bfLEAP platform was specifically developed as a means to analyze data involved in drug development. With the Johns Hopkins technology supporting it, bfLEAP is now better able to interpret large data sets that may not even be complete.
With bfLEAP now augmented, it will be better able to reach the stated goal of making “…life-saving therapies and treatments available to patients more quickly.” That’s a big step, but word from Fintel says that may not be the only thing fueling potential gains for BullFrog. Fintel data suggests that short interest is rising, and that may spark a new upward trend in the process. In fact, based on Fintel’s Short Squeeze Score, it rates near the maximum of 100 at 91.39. That suggests a higher overall risk of a short squeeze taking place.
Looking at the last five days of trading for BullFrog, a noteworthy trend emerges. BullFrog was already on an upward track until the report about Johns Hopkins hit. Once that did, share prices briefly tripled their value from March 31. BullFrog stock gave back a significant portion of its early gains but still held on enough to roughly double prices seen back on March 31.
