Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Ambarella Stock Rocketed 25% Today

TheMotleyFool

0 0

Shares of Ambarella (NASDAQ: AMBA) stock took off like a rocket Wednesday morning after the artificial intelligence company announced a big earnings beat after close of trading Tuesday.

Analysts had forecast that Ambarella would earn only $0.49 per share on sales of $90.4 million for its fiscal third quarter 2021. In fact, Ambarella reported a profit of $0.57 and quarterly sales of $92.2 million -- and Ambarella stock is up 25% in 11:11 a.m. ET trading.

Image source: Getty Images.

Source Fool.com

Like: 0

AMBA

Share