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Should You Chase Ambarella's Post-Earnings Pop?

TheMotleyFool

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Should You Chase Ambarella's Post-Earnings Pop?Photo, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/a130cb51-4ded-41be-b600-b83e2078ad65.png

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

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