Shares of Beamr Imaging Ltd. (BMR) surged 40% on Wednesday morning after the Israel-based video software maker announced that its Beamr Cloud solution has achieved Powered by Expertise and is now available in the Oracle Cloud Marketplace.
BMR is currently trading at $6.18, up $1.78 or 40.45%, on the Nasdaq. The stock opened its trading at $6.08 after closing Tuesday at $4.40. The stock has traded between $0.91 and $34.94 in the past 52-week period.
According to the company, Beamr Cloud provides customers access to high-quality, fast, and scalable video optimization and transformation, thanks to Beamr's patented and award-winning Content-Adaptive-Bitrate solution (CABR), enabled by NVIDIA accelerated computing. OCI combined with NVIDIA L40S GPUs delivers powerful AI compute with advanced graphics and media acceleration.
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