"Beamr and Nvidia's Partnership Propels Stock to Record 8-Fold Surge"
Beamr Imaging Ltd's stock soared nearly 8-fold after announcing a collaboration with Nvidia to present joint research on automated video modernization at a conference. The company aims to facilitate the transition to the AV1 format and optimize video quality using Nvidia's hardware. Despite the excitement, the collaboration was previously disclosed in the company's IPO filing. Beamr's stock had closed at $2.11 on Friday, compared to the initial public offering's pricing at $4, and had run up 45.5% so far in 2024 before the rally.