Should You Chase Ambarella's Post-Earnings Pop?
Ambarella (NASDAQ: AMBA) took investors on a wild ride over the past seven years. The maker of image processing SoCs (system on chips) went public at $6 in late 2012, soared to nearly $120 by June 2015, then tumbled to the low $30s by late 2018.
Ambarella's initial pop was sparked by robust sales of its SoCs to action camera maker GoPro (NASDAQ: GPRO), but the honeymoon ended when GoPro's sales peaked. Ambarella no longer relies on GoPro, and now focuses on selling computer vision chips and SoCs for other markets instead.
Image source: Getty Images.
Source Fool.com
