Ambarella (NASDAQ: AMBA) is known for making computer vision (CV) chips that go inside internet-enabled security cameras and vehicles, so it is not surprising to see the company become an investor favorite thanks to the fast-growing nature of its end markets. Share prices of the chipmaker have more than doubled in the past year, giving it a market capitalization of around $3.8 billion.
But don't be disappointed if you've missed this terrific rally in Ambarella stock so far. This mid-cap stock is showing signs of becoming a large-cap company in the long run. Let's see why that may be the case.
For further details see:
This Mid-Cap Stock Has Doubled, and It Could Keep Flying Higher