Ambarella Up 8% This Week With AI Earnings On Deck
Ambarella heads into the holiday-shortened week after jumping 4.67% Friday, closing at $87.55. Shares reached as high as $89.40 before pulling back. Nasdaq is closed for Memorial Day, and traders are waiting for Ambarella’s fiscal Q1 numbers set for release Thursday after the bell. No regular U.S. cash session is set for Monday, with Nasdaq showing Memorial Day, May 25, as a market holiday. Usual trading runs from 9:30 a.m. to 4 p.m. Eastern. Friday’s close will be the last for Ambarella before markets open again on Tuesday.