Here's Why Ambarella Stock Surged 10% Higher Today

Shares of Ambarella (NASDAQ: AMBA) climbed sharply higher Monday, surging as much as 10.8%, though the stock ended the trading day up 10.4%.

The company announced that it has partnered with a notable Chinese automaker to build a driver monitoring system, which is already rolling off the assembly line. 

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Source Fool.com