Blaize initiated with a Buy at DA Davidson

DA Davidson analyst Gil Luria initiated coverage of Blaize (BZAI) with a Buy rating and $10 price target The increasing decentralization of AI systems is being driven by the need to process data closer to its source, says the analyst, who thinks Blaize’s solutions that integrate hardware and software to enable on-device inference position the company to become “a key player in AI-enabled edge computing.”