Ambarella Up 8% This Week With AI Earnings On Deck
Ambarella shares rose 4.67% Friday to $87.55 ahead of fiscal Q1 results due after the bell Thursday. The stock gained 7.9% last week, outperforming the Philadelphia Semiconductor Index. Nasdaq will close Monday for Memorial Day, with regular trading resuming Tuesday. Analysts maintain a Buy consensus, but Ambarella’s heavy reliance on WT Microelectronics and competition from Mobileye and Nvidia remain risks.