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Ambarella's Stock Turning Point: AI Set to Propel Growth in 2024

Key Points

  • Ambarella had a solid quarter, outperforming expectations and guiding for sequential growth.
  • End market normalization and AI will drive a return to YOY growth in Q3. 
  • Analysts' sentiment is firming, and they see this deeply undervalued name advancing 30% to 50% this year. 
  • Interested in Ambarella? Here are five stocks we like better.

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Should You Invest $1,000 in Ambarella Right Now?

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Thomas Hughes
About The Author

Thomas Hughes

Contributing Author

Technical and Fundamental Analysis

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
NVIDIA (NVDA)
4.951 of 5 stars
$140.83+2.3%0.03%55.42Moderate Buy$164.63
Advanced Micro Devices (AMD)
4.9588 of 5 stars
$122.28+0.7%N/A110.16Moderate Buy$177.71
Ambarella (AMBA)
2.3164 of 5 stars
$82.65+2.3%N/A-21.41Moderate Buy$84.17
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