Will Ambarella Stock Get Out of the Dog House In 2020?
It's been a wild ride for Ambarella (NASDAQ: AMBA) shareholders. Though the stock rallied an impressive 73% in 2019, previous years weren't so kind: over the last trailing five-year stretch, shares are up a total of just 20%.
2019 was an important year, though. Ambarella has been transitioning away from its legacy high-definition video chips, used to power consumer tech like GoPro cameras and drones, and instead is focusing its attention on computer vision capabilities for use in things like security cameras, vehicles, and robotics.
Results are starting to roll in, which led to some renewed optimism last year, and early indications are that Ambarella could be back in growth mode. Expectations are riding exceptionally high -- which is keeping me from making a purchase just yet -- but the small chip company is worth putting back on watch lists.
Source Fool.com
