Ambarella CEO Fermi Wang singled out strength in portable video, robotic aerial drones and edge infratructure.
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Ambarella
stock roared 20% higher Friday as the chip designer reported better-than-expected second-quarter results and issued strong guidance.
Here’s how the company did compared to LSEG expectations:
Ambarella, which is known for its system-on-chip semiconductors and software used for edge artificial intelligence, said it expects third-quarter revenue between $100 million and $108 million, beating the LSEG estimate of $91 million.
The California-based company is known for its system-on-chip semiconductors and software used for edge artificial intelligence.
Marvell shares surged on Friday after the company beat earnings expectations and issued strong guidance on continuing AI demand.
The chipmaker is working on a major deal with OpenAI
Asian chip stocks rose in early trading after American AI chip darling Nvidia beat earnings expectations in a strong sign for AI…
Broadcom's AI revenue forecast surpassed many bullish expectations from Wall Street analysts.
Reuters reported that China has approved sales of Nvidia's H200, sending the AI chip giant's shares higher in premarket trade.
