Ambarella, a maker of AI chips for edge computing, edged above estimates for its fiscal Q1 and with its outlook. Ambarella stock fell.
Edge AI Chipmaker Ambarella Narrowly Tops Q1 Estimates
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Ambarella (AMBA), a maker of AI chips for edge computing applications, late Thursday edged above analyst estimates for its fiscal first quarter and with its Q2 guidance. Ambarella stock fell after the report. The Santa Clara, Calif.-based company earned an adjusted 11 cents a share on sales of $100.4 million in the quarter ended April 30. Analysts surveyed by FactSet…
Ambarella CEO Fermi Wang singled out strength in portable video, robotic aerial drones and edge infratructure.
Ambarella Inc (NASDAQ: AMBA) shares are diving on Friday after first-quarter results and weak second-quarter sales guidance.
Ambarella stock soared on Tuesday after the fabless AI chipmaker received a bullish report from a Wall Street analyst.
The California-based company is known for its system-on-chip semiconductors and software used for edge artificial intelligence.
Ambarella Inc. shares surged 3.54% to $88.84 after extending a strong intraday rally following a bullish analyst note.
Ambarella shares are trading higher by more than 6% on Wednesday as traders continue to react to fresh bullish analyst commentary.
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