Why Is Beamr Imaging (BMR) Stock Up 555% Today?

Beamr Imaging (NASDAQ:BMR) stock is rocketing higher on Monday after the video encoding, transcoding, and optimization solutions company announced a collaboration with Nvidia (NASDAQ:NVDA).This team-up will see the two companies work together to accelerate the adoption of AOMedia Video 1 (AV1). This is an emerging video format set to replace the current one, which was established before smartphones and high-speed internet.Beamr Imaging and Nvidia plan to present an automated process to transfer current vide ...