Beamr Imaging Stock Soars 17% On Launch Of Video Compression Tech For Autonomous Vehicles

(RTTNews) - Beamr Imaging Ltd. (BMR) jumped 17.31 percent to $3.95 on Wednesday after announcing the launch of a new high-performance video compression solution tailored for autonomous vehicles. The debut will take place at NVIDIA GTC Paris, part of the Viva Technology 2025 event. Shares opened at $3.72 and traded between $3.72 and $4.32 on the Nasdaq. The stock saw unusually high volume of 15.5 million shares, far above the average of 88,000. Beamr's 52-week range is between $1.86 and $6.71.

The company highlighted the overwhelming volume of video data produced by self-driving cars terabytes per vehicle daily and the massive infrastructure needed to manage and store it. Beamr aims to ease that burden with its proprietary, high-efficiency compression technology, already in use by leading global media companies.