TAIPEI - Advantech (2395.TW), a leading global provider of industrial PCs, has expanded its partnership with NVIDIA (NASDAQ:NVDA), marking a significant move as the first company in Taiwan to distribute industrial PCs certified with the NVIDIA AI Enterprise software platform. The collaboration is set to bolster the development and deployment of advanced AI applications, including generative AI.
The NVIDIA AI Enterprise 5.0, a recent addition to NVIDIA's offerings, presents a suite of microservices designed to streamline AI model inference. One such service, NVIDIA NIM, optimizes inference for over two dozen widely-used AI models. This software platform is expected to enhance productivity in enterprises worldwide by providing robust edge computing capabilities.
Advantech's commitment to edge AI innovation is underscored by its initiative to train nearly 200 AI specialists through the Advantech Institute framework. "We strive to provide customers with comprehensive product offerings, as well as timely and professional technical services, ultimately aiming to accelerate the development and implementation of AI solutions at the edge," said Miller Chang, President of Advantech's Embedded IoT Group.
Magic Pao, Advantech's Associate Vice President of the Industrial Cloud & Video Group, noted the industrial AI market's demand for adaptable GPU solutions with robust performance. "As AI applications evolve, customers seek to expedite development efficiency, and NVIDIA AI Enterprise software with its microservices caters to this need," he explained.
Advantech's portfolio, powered by NVIDIA AI, includes GPU modules, servers, and workstations designed for high-performance computing tasks such as computer vision, big data analysis, and data-driven applications. The company also offers Tier-1 services, providing global technical support to facilitate the adoption of NVIDIA AI Enterprise solutions.
The extended collaboration is set to launch compatible edge AI systems in Q2, as Advantech continues to work with NVIDIA to aid customers in deploying AI solutions across various industries.
This information is based on a press release statement.
InvestingPro Insights
As Advantech (2395.TW) forges a stronger alliance with NVIDIA to distribute AI-enhanced industrial PCs, it's worth noting that the company has been recognized as a prominent player in the Life Sciences Tools & Services industry, according to InvestingPro Tips. This strategic move could be particularly timely, as Advantech is trading near its 52-week low, potentially presenting an opportunity for investors looking to capitalize on the company's growth in the AI sector.
From a financial perspective, Advantech boasts a market capitalization of 426.27 million USD, and with a P/E ratio of 11.63, it appears to be valued reasonably relative to its earnings. The company has also demonstrated profitability over the last twelve months, which is an encouraging sign for potential investors. Moreover, with a revenue growth of 26.12% in the last twelve months as of Q3 2024, Advantech is showing strong potential in expanding its market reach and financial performance.
Investors interested in Advantech's growth trajectory, especially in light of its latest collaboration with NVIDIA, may find additional insights and an expanded list of InvestingPro Tips by visiting https://www.investing.com/pro/2395. To further explore the company's potential, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, which includes even more detailed analysis and tips.
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