Chip Stock Crumbles on Weak Quarterly Guidance

11:03am, Wednesday, 31'st May 2023
The shares of semiconductor name Ambarella Inc (NASDAQ:AMBA) are experiencing a heavy drop today, after the company's disappointing second-quarter outlook.
Customer inventory reduction actions negatively impact Ambarella's (AMBA) first-quarter fiscal 2024 performance.

Why Is Ambarella (AMBA) Stock Down 15% Today?

09:41am, Wednesday, 31'st May 2023
Ambarella (NASDAQ: AMBA ) stock is on the move Wednesday following the release of its earnings report for its first quarter of fiscal 2024. That earnings report starts with the company's adjusted per-
Markets eased lower Wednesday morning, potentially ending a string of strong performances. Both HP and Hewlett Packard Enterprise lost ground on disappointing financial results.
Some high expectations were built into the Ambarella NASDAQ: AMBA market, driven by NVIDIA's NASDAQ: NVDA blow-out report and the outlook for AI. Ambarella's CV3 (3rd gen computer vision) system-on-a-
Shares of Twilio Inc. TWLO rose 3.6% in premarket trading after The Information reported that an activist investor with a stake in the software company was pressing it to shake up its board and think
Ambarella, Inc. (NASDAQ:AMBA ) Q1 2024 Earnings Conference Call May 30, 2023 4:30 PM ET Company Participants Louis Gerhardy - Vice President, Corporate Development Fermi Wang - Chief Executive Officer
Ambarella (AMBA) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to earnings of $0.44 per share a year ago.
Computer-vision chipmaker Ambarella edged above Wall Street's targets for its fiscal first quarter but disappointed with its outlook.
Ambarella Inc. shares AMBA, +5.43% fell in the extended session Tuesday after the video component maker's outlook fell short of expectations despite a better-than-feared loss on the quarter. Ambarella
Ambarella (AMBA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
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SANTA CLARA, Calif., May 09, 2023 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced it will hold its first quarter fiscal year 2024 earnings confere
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Ambarella is a growing technology company offering its customers differentiated AI-driven edge computing solutions. The company covers IoT, automotive and industrial end markets with significant long-
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