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Why Nano Dimension Stock Popped Today

Author Bio
Chris has covered Tech and Telecom companies for The Motley Fool since 2012. Follow him on Twitter for the latest tech stock coverage. Follow @tmfnewsie
What happened
Shares of
Nano Dimension (NASDAQ:NNDM) rose today after the company announced that it had entered a definitive agreement to acquire DeepCube, a machine-learning and deep-learning technology company.
Nano Dimension s stock rose by as much as 17.3% this morning and had gained 7.5% at the end of the trading day.
So what
Nano Dimensions said in a press release that it will pay DeepCube shareholders approximately $40 million in cash and $30 million in its American depositary shares. The company said that the closing of the acquisition is expected in the next few days. ....

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NanoDimension buys DeepCube

Nano Dimension, the Additively Manufactured Electronics (AME)/PE (3D-Printed Electronics) provider, is to buy ML specialist DeepCube. Nano Dimension will p ....

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Nano Dimension acquires DeepCube

Nano Dimension acquires DeepCube
Nano Dimension, the Additively Manufactured Electronics (AME)/PE (3D-Printed Electronics) provider, has announced that it is to buy ML specialist DeepCube.
DeepCube technology applies numerous patented breakthrough algorithms to improve data analysis and deployments of advanced Deep Learning-based AI systems. Its proprietary framework can be deployed on top of any hardware, especially fitting edge devices and real-time applications.
The company s AI/ML/DL solutions demonstrate 10 times speed improvements and memory reduction, making it possible to deploy efficient deep leaning models on edge devices and for real-time applications.
DeepCubeâs scientists and engineers, all of whom are expected to join Nano Dimension upon closing of this transaction, are AI/ML/DL experts, veterans of defence forces, homeland security and governmental Big Data agencies, as well as academic and industrial research institutio ....

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אין גבול לחוצפה; הכסף מהרכישה שתבצע ננו ילך לדירקטורים

אין גבול לחוצפה; הכסף מהרכישה שתבצע ננו ילך לדירקטורים
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