Chipmaker Ambarella (AMBA) is at the forefront of the AI (artificial intelligence) and CV (computer vision) industries. Ambarella's transition away from pure video processing could send the company to new heights moving forward. The rapid advancements in AI are allowing Ambarella to access a plethora of promising industries like robotics and automotive. Ambarella's solid Q4 is evidence that the company's diversification efforts are paying off.
The company reported a quarterly revenue of $57.2 million, representing a 12% Y/Y increase. While Ambarella fiscal year revenue pretty much remained stagnant, the company is currently transitioning