Doximity’s stock skyrockets 50% on medical AI excitement. Can the rally last?

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Doximity (DOCS) shares surged 50% on Friday morning, reaching gains of 94% during the session, driven by excitement around medical artificial intelligence. The medical networking platform reported mixed financial results the previous day, but management highlighted the company’s AI progress during the earnings call. Analysts are divided: one sees a compelling AI opportunity for Doximity, while another worries that AI could end up cannibalizing its core medical networking business.

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