Ambarella Faces Tough Competition

Ambarella (NASDAQ: AMBA) has staged a terrific turnaround since the beginning of September. Shares of the video processing chip specialist have risen almost 35% after a report of poor performance sent the stock down 22% in a day.

That puts the stock up almost 8% so far this year. There seem to be two possible reasons for the impressive post-earnings rally.

Source: Fool.com