Reported 1 day ago
Ambiq Micro Inc. saw its shares surge 61% on the first day of trading following a successful initial public offering that raised $96 million. The Austin-based company's stock closed at $38.53, significantly above its IPO price. Ambiq specializes in ultra-low power semiconductors aimed at AI applications, promising enhanced energy efficiency that could boost device capabilities like wearables. However, the company remains focused on diversifying its customer base, as it has previously relied heavily on specific clients.
Source: YAHOO