No AI Boost for Ambarella
AI stocks are on a tear, but the excitement around the transformational technology hasn't extended to (NASDAQ: AMBA). The semiconductor company specializes in computer vision chips used in video security, robotics, and advanced driver assistance applications.
Investors are excited about AI, but Ambarella isn't getting any love. The stock tumbled on Wednesday following a first-quarter report that failed to excite anyone. Revenue crashed, the bottom line plunged, and the company's guidance left a lot to be desired.
Ambarella reported Q1 revenue of $62.1 million, down 31% year over year. Net loss was $35.9 million, much worse than a loss of $10.8 million in the prior-year period.
Source Fool.com
Ambarella Inc. Stock
€61.08
-0.870%
Ambarella Inc. is currently one of the favorites of our community with 18 Buy predictions and no Sell predictions.
As a result the target price of 86 € shows a positive potential of 40.8% compared to the current price of 61.08 € for Ambarella Inc..
