AMBA stock in the last year plunged 40% following concerns about competition from other chipmakers, declining sales growth, as well as contracting margins.
However, Ambarella Inc.’s (NASDAQ:AMBA) stock has recovered this year, gaining close to 30%, with some investors remaining optimistic about the stock making a long-term recovery. AMBA stock is trading higher by 1.0%, selling at $46.43 in Thursday’s morning session.
Customers Preferring Intel’s AI Enabled SoCsAmbarella is known for the production of SoCs for dash cams, action cameras drones, and security cameras, as well as other devices. Most of Ambarella’s revenue ...
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