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Nvidia stock has been one of the biggest winners of the artificial intelligence (AI) revolution in the past couple of years, clocking remarkable gains of nearly 800% over the past two years on account of the red-hot demand for its data center graphics cards, but the past three months have been difficult for the chipmaker.
SoundHound AI has been one of the best-performing stocks on the market in the past year, registering stunning gains of 936% as of this writing, thanks to a combination of factors.
Ambarella announced during CES the expansion of its N1 edge GenAI Family with SoC targeting on-premise multichannel VLM and NN processing under 20 watts.
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AMBA is growing in the IoT, AI and Automotive markets with innovative product launches. However, competition, regulations and seasonality hold it back.
Shares of Ambarella Inc (AMBA, Financial) surged 4.22% in mid-day trading on Oct 2. The stock reached an intraday high of $56.57, before settling at $56.51, up from its previous close of $54.22.
AMBA is expanding in the auto market through collaborations and customer acquisitions. The company gains Lotus as a client.
Ambarella (NASDAQ: AMBA), an edge AI semiconductor company, has announced that its Oculii AI 4D imaging radar technology is now in the 2023-2024 Lotus Eletre electric hyper-SUV and the 2024 Lotus Emeya hyper-GT. These vehicles feature L2+ semi-autonomous systems, including highway navigation on autopilot (NOA) and automatic emergency braking (AEB), supported by the radar's ultra-long detection range of over 300 meters for enhanced safety.
Ambarella announced that its Oculii™ AI 4D imaging radar technology is deployed worldwide in the Lotus Eletre SUV and Emeya Hyper-GT Electric Vehicles.
Ambarella faces several headwinds, including a slowdown in the automotive space, stiff competition and inventory accumulation of its customers.