Semiconductor Equipment & Materials
AMBA
71.55
price down icon1.23%   -0.89
after-market After Hours: 71.70 0.15 +0.21%

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

Why is Ambarella Inc (AMBA) Stock down?

We've noticed a 5.12% decline in Ambarella Inc (AMBA) stock during the 2024-10-31 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/

Similar to AMBA

semiconductor_equipment_materials CAMT
$74.50
price up icon 3.63%
semiconductor_equipment_materials NVMI
$183.76
price up icon 6.60%
semiconductor_equipment_materials AMKR
$26.44
price up icon 1.61%
semiconductor_equipment_materials ONTO
$164.18
price up icon 1.95%
semiconductor_equipment_materials ENTG
$105.63
price up icon 0.64%
semiconductor_equipment_materials TER
$110.00
price up icon 1.77%
Open in Yahoo | Open in Google | Open in Finviz | Open in MarketWatch | Open in EDGAR | Open in Reuters
Cap:     |  Volume (24h):