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Digital Brands Stock Slides 27% Despite NVIDIA Connect Program Acceptance
RTTNews· 2025-09-23 17:09
Core Insights - Digital Brands Group, Inc. (DBGI) experienced a significant stock decline of 26.64 percent, closing at $5.81, down $2.11, despite the positive news regarding its acceptance into the NVIDIA Connect Program [1] - The stock opened at $9.32 and fluctuated between $5.53 and $9.50, with a previous close of $7.92 on Nasdaq [1] Trading Activity - Trading volume for Digital Brands Group surged to 3.69 million shares, significantly exceeding the average volume of 64,047 shares [2] - The company's stock is currently trading within a 52-week range of $1.03 to $30.35 [2]
PainReform/DeepSolar Accepted into NVIDIA Connect Program
Globenewswire· 2025-08-19 12:30
Core Insights - DeepSolar, a solar energy business unit of PainReform Ltd., has been accepted into the NVIDIA Connect Program, which provides access to advanced AI tools and support for developing its solar forecasting platform [1][2][6] - The DeepSolar Predict solution aims to enhance weather prediction accuracy by up to 50%, improving the reliability of solar energy output predictions [2][3] - The software platform has already shown the ability to increase energy production and reduce operational and maintenance costs by up to 30% [4] Company Developments - Participation in the NVIDIA Connect Program allows DeepSolar to leverage NVIDIA's AI frameworks and engineering support, which will aid in the development of its solar forecasting solution [2][6] - Initial engagements with photovoltaic (PV) developers and utility-scale operators are underway to test DeepSolar Predict in real-world scenarios [4] - The advancements in solar forecasting align with growing demands for intelligent asset management solutions in the solar industry, particularly as alternative energy needs increase [3][5] Industry Context - The need for accurate weather forecasting is critical for solar asset owners to balance supply predictions with market conditions [3] - Enhanced predictive capabilities from DeepSolar Predict are expected to provide advantages such as reducing imbalance penalties from inaccurate forecasts and maximizing revenue through improved energy sale timing [8] - The global solar industry is experiencing accelerated deployment, necessitating performance optimization and cost control solutions [3][5]