Beamr Imaging Shares Jump 86% After Nvidia Releases Video Codec SDK 12.1
By Chris Wack
Beamr Imaging shares were up 86% to $4.26 after Nvidia released its of Video Codec SDK 12.1, which supports Beamr's Content Adaptive Bit Rate library.
The stock hit its 52-week high of $8.04 earlier in the session. The company had its initial public offering in February.
The Video Codec is part of the new Nvidia Encoder, which features enabling enhanced video processing use-cases on Nvidia GPUs.
The company said this collaborative effort is looking to deliver fully standard compliant bit streams with the lowest possible bit rate for a given perceptual quality.
The integration of CABR with NVENC will allow a range of powerful use cases, unlocking new use cases offering significant benefits for video encoding. These use cases include reducing bit rate of a target encode while preserving quality, as well as codec modernization.
In March, Beamr Imaging Ltd. said that its video encoding technology officially supports Nvidia GPU acceleration, offering up to 10 times faster encoding speed on Nvidia GPUs compared to other CPUs.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
May 25, 2023 13:21 ET (17:21 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
What History Tells Us About the Fed’s Next Move
-
What’s Happening In the Markets This Week
-
Alphabet’s New Dividend: What Investors Need to Know
-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?
-
What’s the Difference Between the CPI and PCE Indexes?
-
5 Stocks to Buy That We Still Like After They’ve Run Up
-
Markets Brief: Stocks Are Starting to Look Cheap Again
-
AbbVie Earnings: Next-Generation Immunology Drugs Help Offset Humira Biosimilar Pressure
-
Exxon Earnings: Ignore Earnings Shortfall as Long-Term Growth and Improvement on Track
-
American Airlines Earnings: We See Costs Overshadowing Market Share This Year
-
Snap Earnings: Advertising Growth and Snapchat+ Drive Monetization
-
STMicro Earnings: We Still See an Attractive Margin of Safety Despite a Poor First-Half Forecast
-
Alphabet Shares Surge on Strong Earnings, Dividend Surprise
-
Microsoft Earnings: Firm Beats Forecasts on Strong AI and Cloud Demand
-
PG&E Earnings: Near-Term Regulatory Certainty Supports Industry-Leading Earnings Growth