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
€72.40
-2.900%
With 18 Buy predictions and not the single Sell prediction the community is currently very high on Ambarella Inc..
With a target price of 86 € there is a slightly positive potential of 18.78% for Ambarella Inc. compared to the current price of 72.4 €.
