Why Artificial Intelligence (AI) Stock Ambarella Was Marching Higher This Week

The news has been very positive with microchip stock Ambarella (NASDAQ: AMBA) over the past few days, and investors have been piling into the artificial intelligence (AI)-focused company. According to data compiled by S&P Global Market Intelligence, as of Friday before market open Ambarella's share price was up a mighty 19% week to date. Solid quarterly results, a series of analyst price target raises, and the decline of a peer stock helped Ambarella defy gravity.Ambarella's quarterly earnings report was -- at least in the Monday-Thursday stretch -- the major market-shaking piece of news for the company. That report revealed Ambarella booked sales of almost $64 million in its second quarter of fiscal 2025, ended July 31, only 3% higher year-over-year but comfortably above the average analyst estimate. There was improvement on the bottom line too, with non-GAAP (adjusted) net loss narrowing to $5.5 million ($0.13 per share) from the year-ago deficit of $6 million. On average, analysts tracking Ambarella stock were estimating the company's revenue would be just over $62 million, accompanied by a per-share adjusted net loss of $0.19. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool