Ambarella: An Ai Play In The Making
Ambarella’s transition to an edge/AI company is well underway.Barring near-term headwinds, the opportunity in AI could see the company grow by a double-digit CAGR for the next 8 years.A pullback in price action may trigger a new wave of buying but wait for the signal.5 stocks we like better than AmbarellaAmbarella (NASDAQ:AMBA) has had its share of ups and downs, but it has always come out of its slumps in a better position than before. Today’s issues are inventory-related, with the Q4 results and 2023 outlook at less-than-expected levels. The takeaway from the report is that inventory levels ...