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home / news releases / ambarella limited momentum for automotive and iot de

AMBA - Ambarella: Limited Momentum For Automotive And IoT Demand - Initiating With A Hold

Ambarella Inc.

2024-03-26 09:25:13 ET

Summary

  • Ambarella Inc. reported in-line Q4 results and outlook for 1QFY25. I expect this in-line trend to continue in 1HFY25.
  • I think the company is too exposed to IoT and automotive markets to be able to outperform given the current correction cycle.
  • The stock has underperformed the S&P 500 and lacks potential upside in the first half of FY25, in my opinion.
  • Ambarella's Asia exposure, particularly in China, may weigh further on its top-line growth, but this worst-case scenario is unlikely.
  • I share my thoughts on Ambarella here, and why I think it'll be in-line performer in 2024.

Investment Thesis

For further details see:

Ambarella: Limited Momentum For Automotive And IoT Demand - Initiating With A Hold
Stock Information
Company Name: Ambarella Inc.
Stock Symbol: AMBA
Market: NASDAQ
Website: ambarella.com
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