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Ambarella Stock Sinks 14% Despite Strong Earnings
Ambarella Inc.’s (AMBA) stock fell 13.73% to $65.40 on Thursday, a $10.41 drop, despite Q4 earnings of $0.11 per share beating the consensus of a $0.02 loss by $0.13 and revenue rising 62.8% to $84.02 million, exceeding the $78.04 million estimate. Edge AI products drove over 70% of revenue, with…