Ambarella Inc. shares surged 3.54% to $88.84 after extending a strong intraday rally following a bullish analyst note.

Ambarella stock soared on Tuesday after the fabless AI chipmaker received a bullish report from a Wall Street analyst.

Ambarella Inc. shares surged 3.54% to $88.84 after extending a strong intraday rally following a bullish analyst note.