Why Artificial Intelligence (AI) Stock Ambarella Was Marching Higher This Week
AMBAAmbarella(AMBA) The Motley Fool·2024-08-30 19:33

With a top AI stock taking it on the chin, investors appeared to be looking for alternatives with solid potential.The news has been very positive with microchip stock Ambarella (AMBA 1.51%) over the past few days, and investors have been piling into the artificial intelligence (AI)-focused company. According to data compiled by S&P Global Market Intelligence, as of Friday before market open Ambarella's share price was up a mighty 19% week to date. Solid quarterly results, a series of analyst price target ra ...