Where Will Ambarella, Inc. Be in One Year?
2017 was a year to forget for chipmaker Ambarella (NASDAQ: AMBA), which produces image processing SoCs (system on chips) for action cameras, security cameras, dash cams, drones, and other devices.
The stock has stayed nearly flat for the year compared to a 45% gain for the Philadelphia Semiconductor Index. Let's look back at what went wrong for Ambarella this year, and whether or not it can bounce back next year.
Image source: Ambarella.
Source: Fool.com