Ambarella reported strong FQ3 growth, but faces challenges with weak ADAS demand and reduced automotive backlog. Read why I maintain a Buy rating on AMBA stock.
As of Nov. 27, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
However, Ambarella’s recent surge in premarket trading indicates that investors may be beginning to take notice of its growth potential, especially in light of its solid Q3 performance and the ...