Blaize initiated with a Buy at B. Riley

B. Riley initiated coverage of Blaize (BZAI) with a Buy rating and $9 price target which offers 184% potential upside. The company is in the “very early innings” of an enterprise artificial intelligence adoption cycle, the analyst tells investors in a research note. The firm views Blaize’s positioning as “unique” with its edge-optimized graph streaming processors products and software stack to complement existing higher-power data center-centric GPU training investments, but lower incremental cost.