Ambarella Stock Tanks After Computer-Vision Chipmaker Gives Weak Sales Outlook
Ambarella, a computer-vision chipmaker, surpassed Q2 expectations but projected lower sales for the current quarter, causing its stock to plummet.
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Posted 8/29/2023, 8:55:00 PM
investors.com
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Ambarella stock is dropping due to weak demand and customer inventory reductions, according to the chip maker's disappointing guidance.