Prediction: This Artificial Intelligence (AI) Chip Stock Will Soar Higher After Feb. 26 (Hint: It's Not Nvidia)
Ambarella (NASDAQ: AMBA) may not be a household name in the artificial intelligence (AI) semiconductor market, where Nvidia has established a dominant position for itself thanks to its powerful data center graphics cards.But investors will be surprised to know that the former has considerably outshone the latter over the past six months. While Nvidia stock has appreciated 13% during this period, Ambarella has clocked much stronger gains of 64%.Nvidia's impressive stock market rally has lost momentum of late thanks to multiple factors outside of the company's control, though it won't be surprising to see this semiconductor bellwether regaining its mojo when it releases its quarterly results on Feb. 26.Continue reading
Ambarella (NASDAQ: AMBA) may not be a household name in the artificial intelligence (AI) semiconductor market, where Nvidia has established a dominant position for itself thanks to its powerful data center graphics cards.
But investors will be surprised to know that the former has considerably outshone the latter over the past six months. While Nvidia stock has appreciated 13% during this period, Ambarella has clocked much stronger gains of 64%.
Nvidia's impressive stock market rally has lost momentum of late thanks to multiple factors outside of the company's control, though it won't be surprising to see this semiconductor bellwether regaining its mojo when it releases its quarterly results on Feb. 26.
