Note: This is an automated news compilation site built strictly for educational purposes.
Saturday, August 8, 2026Daily Edition

The Local News

The Local News Logo

"জয় আই অসম"

Upper Assam Flood DeskLive →
← Back to Front Page
Tech Section

Doximity shares soar 60% after CEO says its AI can outperform Anthropic

Doximity shares soar 60% after CEO says its AI can outperform Anthropic
Economic Times
Advertisement[ Ad Slot: article_top_banner ]
Publisher's Note: This is a curated summary. To read the full original story and view all media, please visit the source publication.
Read Original Source ↗

Doximity shares surged on Friday after the physician-focused digital platform talked up its artificial intelligence tools, with investors looking past an earnings miss and weaker parts of the quarterly report.The stock jumped as much as 200% in pre-market trade before paring most of the gains. It was still up about 60%, putting it on track for one of the biggest single-day rallies in its history.The trigger was what its Chief Executive Jeff Tangney said on the company’s earnings call. Tangney said Doximity's clinical AI recorded a 4.8% error rate in physician-focused testing, compared with 13.6% for what he called Anthropic's best model, Fable 5.Doximity had earlier said its Doximity Ask clinical AI platform outperformed OpenEvidence, Claude Fable 5 and other frontier models in an independent Stanford-Harvard study on clinical AI safety.Doximity is best known as a digital platform for US medical professionals, offering tools for communication, workflow, telehealth and medical information. The company has been trying to show investors that its AI products can become a larger growth driver for doctors, health systems and pharmaceutical clients.Also Read: Dow Jones| Nasdaq | US Stock Market Today | Live: S&P 500, Nasdaq edge higher as surprise payrolls drop eases rate-hike fearsThe latest rally suggests investors are now treating Doximity less like a slow-growth healthcare software company and more like a specialised AI platform for physicians.The company’s numbers were mixed. Doximity reported adjusted earnings of 29 cents a share, while revenue rose 7% year-on-year to $156.6 million, according to Barron’s. But the earnings miss mattered less after management highlighted AI adoption and performance.

Doximity shares soar 60% after CEO says its AI can outperform Anthropic | The Local News