Welcome to our dedicated news page for Ambarella Ordinary Shares (Ticker: AMBA), a resource for investors and traders seeking the latest updates and insights on Ambarella Ordinary Shares.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ambarella Ordinary Shares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ambarella Ordinary Shares's position in the market.
Rhea-AI Summary
Ambarella, Inc. (NASDAQ: AMBA) announces new N1 SoC series at CES, demonstrating multi-modal large language models with low power consumption, aiming to bring generative AI to edge endpoint devices and on-premise hardware for various applications like video security analysis, robotics, and industrial use.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.25%
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News
Rhea-AI Summary
Kodiak Robotics, Inc. (NASDAQ: AMBA) selects Ambarella's CV3-AD685 AI SoC for its next-generation autonomous vehicles, aiming to improve AI efficiency and performance in long-haul trucking fleets. The partnership builds on the success of their current collaboration, with Kodiak having already logged over 300,000 miles on Ambarella's CV2 AI perception SoC. The new SoC is designed to optimize hardware cost, reliability, size, and robustness, while improving safety and performance for Kodiak's autonomous truck platform. The CV3-AD685 offers lower latency, lower power consumption, and higher reliability, setting new benchmarks in AI-based autonomous safety, efficiency, and innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.88%
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Rhea-AI Summary
Ambarella, Inc. (NASDAQ: AMBA) has announced its autonomous driving (AD) software stack, based on deep learning AI processing for perception, sensor fusion, and path planning. The stack is designed to run optimally on the company's CV3-AD AI domain controller system-on-chip (SoC) family, offering scalability for L2+ and higher autonomy levels. It also accelerates OEM development and provides real-time HD map generation from perception and SD maps, eliminating the need for stored HD maps.
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Rhea-AI Sentiment
End-of-Day
-0.93%
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Ambarella, Inc. (NASDAQ: AMBA) reported a significant decline in revenue for the third quarter of fiscal 2024, with a 39% decrease compared to the same period in fiscal 2023. The company's GAAP net loss also increased, reaching $41.7 million for the quarter. However, non-GAAP net loss was $11.2 million, showing an improvement from the previous year. Ambarella aims to return to revenue growth in Fiscal 2025 and is focusing on the introduction of a portfolio of SoCs and software targeting more sophisticated AI inference workloads.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.34%
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Rhea-AI Summary
Ambarella, Inc. (NASDAQ: AMBA) to Hold Q3 Fiscal Year 2024 Earnings Conference Call on November 30, 2023
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Rhea-AI Sentiment
End-of-Day
6.82%
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Rhea-AI Summary
Ambarella Inc. (NASDAQ: AMBA) and Canopy announced the selection of Ambarella’s CV25 AI computer vision system-on-chip (SoC) for its flagship Canopy Pickup Cam system, providing real-time monitoring and threat detection for truck beds. The Canopy Pickup Cam is the first aftermarket, AI-enabled security system for truck bed security and uses Ambarella’s CV25 SoC to detect threats and reduce false alerts for truck owners. The system features a 180° ultra-wide field of view, low-light performance, and color night vision, delivering exceptional image quality in adverse lighting scenarios.
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Rhea-AI Sentiment
End-of-Day
-0.74%
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Canopy, a smart vehicle security startup, has launched its first product, the Canopy Pickup Cam. The connected security camera is designed for pickup trucks and provides real-time truck bed monitoring. Canopy conducted a 4-week beta testing pilot with close to 100 truck owners to validate and refine the product. Canopy also announced partnerships with Ambarella and Upstream Security to support the product debut. The Pickup Cam uses Ambarella's CV25AI computer vision system-on-chip for threat detection, while Upstream Security provides cybersecurity protection. Canopy retails for $299 with a $14.99 per month subscription fee.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.04%
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Rhea-AI Summary
Ambarella, Inc. announces retirement of CFO Brian White and appointment of John Young as new CFO. Reaffirms guidance for Q3 fiscal year 2024.
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Rhea-AI Sentiment
End-of-Day
-1.85%
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Rhea-AI Summary
Ambarella, Inc. reports Q2 revenue of $62.1 million, down 23% YoY. Gross margin is 61.9%. GAAP net loss is $31.2 million. Non-GAAP net loss is $6.0 million. Q3 revenue expected to be $50.0 million plus or minus 4%. Gross margin on a non-GAAP basis expected to be between 62.0% and 64.0%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-20.37%
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Rhea-AI Summary
Ambarella, Inc. (NASDAQ: AMBA) to hold Q2 FY 2024 earnings conference call on August 29th at 1:30 p.m. PT. Earnings release to follow market close. Participants must register online to ask questions. Webcast available at http://investor.ambarella.com/events.cfm
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.6%
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Ambarella, Inc. Ordinary Shares
Nasdaq:AMBA
AMBA Rankings
AMBA Stock Data
1.88B
38.41M
5.95%
84.24%
6.04%
Semiconductor and Related Device Manufacturing
Manufacturing
United States of America
SANTA CLARA
About AMBA
ambarella, inc. (nasdaq:amba), is a leading developer of low-power, high-definition (hd) and ultra hd video compression and image processing solutions. the company's products are used in a variety of hd cameras including security ip-cameras, sports cameras, wearable cameras, flying cameras and automotive video camera recorders. ambarella compression chips are also used in broadcasting tv programs worldwide. for more information about ambarella, please visit www.ambarella.com.