Ambarella Inc. shares surged 3.54% to $88.84 after extending a strong intraday rally following a bullish analyst note.
Ambarella Inc.
(NASDAQ:AMBA) shares are trending on Wednesday.
Shares of the California-based fabless semiconductor company surged 3.54% to $88.84 in the after-hours session.
The stock extended its 28.04% intraday gain, closing at $85.80, according to Benzinga Pro data.
Wall Street Names AMBA Top Pick The rally followed a bullish note from Rosenblatt Securities analyst Kevin Cassidy, who named Ambarella his top pick on Tuesday for the second half of 2026, Investor's Business Daily reported.
Ambarella shares are trading higher by more than 6% on Wednesday as traders continue to react to fresh bullish analyst commentary.
Ambarella Inc (NASDAQ: AMBA) shares are diving on Friday after first-quarter results and weak second-quarter sales guidance.
Ambarella CEO Fermi Wang singled out strength in portable video, robotic aerial drones and edge infratructure.
Ambarella stock soared on Tuesday after the fabless AI chipmaker received a bullish report from a Wall Street analyst.
Ambarella, a maker of AI chips for edge computing, edged above estimates for its fiscal Q1 and with its outlook. Ambarella stock…
The California-based company is known for its system-on-chip semiconductors and software used for edge artificial intelligence.
