Ambarella surges after 'strong' Q2, rating upgrade at Summit

1 week ago 1
Ambarella headquarters in Silicon Valley

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Shares of Ambarella (NASDAQ:AMBA) jumped about 17% premarket on Friday after second quarter results and guidance exceeded estimates, while also seeing a rating upgrade at Summit Insights.

Summit upgraded the semiconductor company's stock to Buy from Hold. The firm said that

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