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Procore to partner with Nvidia, use AI to smoothen operations; shares rise

By Reuters News2 hours ago Updated

** 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

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