Reuters
2024.02.12 15:41
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BUZZ-Beamr hits all-time high after announcing joint research with Nvidia

** Shares of video technology company Beamr Imagingjump more than sixfold to an all-time high of $13.94** Company will present research relating to automated video modernization with Nvidiaat the ACM Mile-High-Video 2024 conference** BMR and NVDA to present solution to slow adoption of AOMedia Video 1 (AV1), a type of video coding format, due to complex and costly processes of upgrading existing video libraries** Only one brokerage covers the stock and rates it “buy”; median PT is $5 - LSEG data

** Shares of video technology company Beamr Imaging (BMR.O) jump more than sixfold to an all-time high of $13.94

** Company will present research relating to automated video modernization with Nvidia (NVDA.O) at the ACM Mile-High-Video 2024 conference

** BMR and NVDA to present solution to slow adoption of AOMedia Video 1 (AV1), a type of video coding format, due to complex and costly processes of upgrading existing video libraries

** Only one brokerage covers the stock and rates it “buy”; median PT is $5 - LSEG data