Why Ambarella Stock Jumped 10% This Week

·1 min read
Why Ambarella Stock Jumped 10% This Week

Shares of Ambarella (NASDAQ: AMBA) beat the market by a wide margin this week. The semiconductor chip tech developer announced positive operating news early in the week. Sales for the fiscal third quarter jumped 64% to $92 million, management revealed after the market closed on Tuesday.

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