Ambarella in Focus: Acquisition Speculation Meets Strong Edge AI Dynamics. Stifel Sees a Potential of up to $80 (+30%)
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On Tuesday (June 24), stocks in the semiconductor sector surged. This included those of chip designer Ambarella (AMBA) . According to Bloomberg, the company is considering a potential sale and has reached out to banks and potential buyers. The company is known for its system-on-chip technology and edge AI software, particularly in the automotive sector. Dr. Fermi Wang, CEO of Ambarella, reported at the end of a strong Q1 with revenues of $85.9 million, driven by the edge AI business, which accounted for over 75% of the quarterly revenue – marking...
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