Why Ambarella Stock Rocketed 17% Higher Today

Now is a fine time to be a developer of next-generation semiconductors, as the company's latest quarterly numbers indicate.Edge semiconductor designer Ambarella (AMBA 16.78%) barreled into the weekend on a high note, following its release of a fresh set of quarterly results. On a convincing double beat, the company's stock was justifiably popular, with investors sending its price just about 17% higher in Friday's trading session.A vast improvement on the top lineFor the second quarter of its fiscal 2026, Am ...