Why Ambarella Stock Is Surging Today
Ambarella(AMBA) The Motley Fool·2024-08-28 17:58Ambarella's Q2 report came with encouraging results and some intriguing developments on the AI front.Ambarella (AMBA 9.45%) stock is surging in Wednesday's trading. The imaging company's share price was up 10.3% as of 1:15 p.m. ET, according to data from S&P Global Market Intelligence.After the market closed yesterday, Ambarella published results for the second quarter of its current fiscal year (which ended July 31). The company delivered sales, earnings, and forward guidance that beat the market's expecta ...