BUZZ-Procore will collaborate with Nvidia to utilize artificial intelligence in optimizing operations; stock price rises

October 21 - ** Construction management software company Procore Technologies PCOR.N shares rose 1.6% to $61.7

** The company announced a partnership with NVIDIA NVDA.O to use AI-driven digital twins of projects (link), aiming to identify potential delays, cost overruns, and operational risks before they occur

** It also announced collaboration with IBM IBM.N to connect construction and asset management data (link)

** Since October 2, the stock has stayed above its 20-day moving average

** Out of 26 analysts covering the stock, 20 rate it as “buy” or higher and 6 rate it as “hold”; median target price is $68 — London Stock Exchange Group (LSEG) compiled data

** Including the day’s fluctuations, the stock is down 15.1% year to date

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