Appian, Atlassian, Bandwidth, C3.ai, and Dynatrace Shares Are Soaring, What You Need To Know

Nvidia introduced NVHBM, a custom high-bandwidth memory technology with 30% more bandwidth than HBM4E. The design moves the memory controller to the base die, improving performance and power efficiency. Nvidia plans to collaborate with suppliers like Samsung and SK Hynix for manufacturing. The industry expects growing demand for custom HBM solutions.

NVIDIA unveiled NVHBM, a custom HBM base die technology, aiming to lead the custom high-bandwidth memory market. Developed with major memory suppliers and Annapurna Labs, NVHBM integrates the memory controller into the HBM base die, potentially increasing memory bandwidth by 30%, reducing power consumption by 15%, and freeing up 25% more GPU area. NVIDIA aims to shift base die design from memory makers to xPU companies like itself.

Nvidia introduced NVHBM, a custom high-bandwidth memory for AI accelerators, promising 30% higher bandwidth and 15% lower power than HBM4e. It's available to NVLink Fusion partners, with Amazon's Annapurna Labs as the first adopter. The technology aims to improve performance and efficiency for AI workloads, though benefits won't appear in current systems.

U.S. stock futures slightly lower after economic data showed higher-than-expected inflation and GDP growth in line with estimates. Nvidia's earnings report is a key focus, with shares up 0.4% premarket. Intuit shares dropped 11.5% after revenue forecast missed expectations. Investors await Fed clues on interest rates.

Wall Street analysts issued upgrades, downgrades, and initiations for several companies. Upgrades include argenx (ARGX) to Buy at UBS, DT Midstream (DTM) to Outperform at Wolfe Research, and SolarEdge (SEDG) to Buy at UBS. Downgrades include Dick's Sporting Goods (DKS) to Hold at Truist, EPAM Systems (EPAM) to Neutral at JPMorgan, and Intuit (INTU) to Neutral at Bank of America. Initiations include Atlassian (TEAM) with Outperform at RBC, JFrog (FROG) with Outperform at RBC, and Lattice Semicond

Atlassian, Datadog, and ServiceNow reported strong earnings, driven by AI adoption. Atlassian's ARR grew 23% YoY to $6.6B, with Rovo AI used by 80% of Fortune 500. Datadog's revenue rose 36% YoY to $1.12B, and ServiceNow's AI ACV crossed $1B. All three companies use AI for internal efficiency and as a revenue stream.