Ambarella
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Ambarella Shares Soar on AI-Driven Demand, Upbeat Guidance
Ambarella (AMBA) shares jumped 20% after Q2 earnings beat expectations. Adjusted earnings were 15 cents per share versus the expected 5 cents, with revenue at $96 million against the projected $90 million. The chip designer anticipates Q3 revenue between $100 million and $108 million, exceeding estimates. Ambarella also raised its fiscal year revenue growth outlook to 31-35%, driven by strong demand for its edge AI solutions in portable video, drones, and edge infrastructure. CEO Fermi Wang emphasized the company’s successful strategic investment in edge AI R&D.
