Reported 1 day ago
Roth Capital has raised Ambarella's price target from $65 to $85, citing robust second-quarter growth driven by non-auto Edge AI applications, which propelled revenues to $95.5 million—a 49.9% year-over-year increase. Ambarella's advancements in 5-nanometer AI chips are enhancing demand and average selling prices, while the firm continues to invest in both automotive and IoT markets despite slower revenue growth in the automotive sector.
Source: YAHOO