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GoPro (GPRO) stock wiped out Wednesday after the company’s supplier of image-processing chips signaled weaker demand ahead for action cameras. GoPro, the top maker of action cameras, saw its shares skid 5.6% to 41.25 on the stock market today. GoPro stock is down 14.4% this week. Late Tuesday, Ambarella (AMBA), maker of video compression and image processing chips for GoPro and others, guided fiscal third-quarter revenue below Wall Street’s Scalper1 News
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