Reported 2 days ago
Ambarella, Inc. (NASDAQ:AMBA) experienced a remarkable surge, with shares climbing up to 32% to reach a new record high of $93.44, driven by an optimistic outlook and strong earnings for the second quarter. The company raised its full-year revenue growth forecast to 31-35%, highlighting production growth in the AI market, and reported a significant decrease in net loss along with a 49.9% increase in quarterly revenues. Despite this momentum, concerns persist regarding whether AMBA can deliver higher returns compared to other AI stocks.
Source: YAHOO