Ambarella – The US chip designer becomes a pure bet on "physical AI" and soars into double digits!

Ambarella jumps up to 32% after Rosenblatt designates the stock as a "pure bet on physical AI" (price target $120, +79%). Edge AI already makes up 80% of the business, and a Hanwha deal promises up to $800 million. In three months, the stock has already gained 74%! A glowing analyst review ignites the rocket On Tuesday (June 30), Ambarella's stock experiences a spectacular surge, increasing by between 28% and 32% depending on the timing, according to reports. The catalyst is a buy recommendation from Rosenblatt Securities, which has named the...