Semiconductor Equipment & Materials
AMBA
46.26
price down icon2.30%   -1.09
after-market  After Hours:  46.00  -0.26   -0.56%

Ambarella Inc (AMBA)
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Overview News Price History Option Chain Financials Why AMBA Down? Discussions Forecast

Why is Ambarella Inc (AMBA) Stock down?

We've noticed a 5.18% decline in Ambarella Inc (AMBA) stock during the 2024-04-10 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
30 Aug, 2023:

Ambarella's Q2 2024 revenue dropped by 20.37% due to weak demand and reduced orders. The net loss of $31.2 million caused a 19% stock price decline as investors' AI growth expectations were unmet. Ongoing challenges and inventory cuts suggest cautious monitoring of Ambarella's performance.

https://www.fool.com/investing/2023/08/30/why-ambarella-stock-dropped-like-a-rock-today/

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