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Why Ambarella Stock Jumped This Week

TheMotleyFool

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Why Ambarella Stock Jumped This WeekPhoto, wide shot, wide-angle lens, Cloud computing provider, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/8d7b6619-8b3b-4e9e-b659-68643d72528e.png

Ambarella (NASDAQ: AMBA) shareholders beat the market this week as the stock jumped as high as 11% through Thursday trading before settling to a 7% increase.

The push put the semiconductor chip tech specialist at a return of over 120% so far in 2021 and was powered by rising optimism about its business.

Image source: Getty Images.

Source Fool.com

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