Procore to partner with Nvidia, use AI to smoothen operations; shares rise
Yesterday 16:49
BUZZ-Procore to partner with Nvidia, use AI to smoothen operations; shares rise ** Shares of construction management software firm Procore Technologies PCOR.N up 1.6% at $61.7
** Co announces collaboration with Nvidia NVDA.O that will allow it to use AI-powered digital replicas of projects to identify potential delays, cost overruns and operational risks before they occur
** Also announces collaboration with IBM IBM.N to connect construction and asset-management data
** Stock has been trading above its 20-day moving average since October 2
** Of the 26 analysts covering the stock, 20 rate it "buy" or higher and six "hold"; the median PT is $68 - LSEG-compiled data
** Including session's moves, stock down fallen 15.1% YTD
(Reporting by Darshan Kumar in Bengaluru)
Recent news on NVIDIA
See all newsBrief: HUMAIN And Nvidia Expand Strategic Collaboration To Accelerate Next-Generation Ai Infrastructure In Saudi
Samsung Electro-Mechanics gets $2.8 billion chip investment from Tesla, Nvidia, report says
Brief: Supermicro Introduces The NVIDIA Vera CPU Rack
ROI-Five AI quirks and conundrums to watch this earnings season: McGeever
Trading Day: Tech it away