Scalper1 News
Ambarella (AMBA) hit a record high and received several price target increases Wednesday after the chipmaker’s Q4 earnings and Q1 outlook beat expectations, driven by strength across camera markets and new customer Xiaomi. The Santa Clara, Calif.-based chipmaker, which provides video processor chips to camera makers such as GoPro (GPRO) for its Hero action cameras, after the close Tuesday reported Q4 earnings per shareof 68 cents, up 161.5% from Scalper1 News
Scalper1 News