AI
Tuesday, June 04, 2019 6:45:41 PM
$AMBA Earnings should be ok, but China is the problem.
On the 22nd may shares of NASDAQ:AMBA fell 12% following reports that its chinese customer HIK would be added to the banned list. Possibly a knee jerk reaction as this is purely speculation and AMBA is not actually registered in the USA. The earnings call might shed some light on the issue. On a more positive issue AMBA recently announced a exciting partnership with Baolong Technology to develop a advanced AI driver monitoring platform. Buyers have returned to the name in the last few days running into earnings which is encouraging and AMBA is expected to meet or beat expectations. This is a risky sector to be getting into in the current market but has a high RR and the short interest could help propel the stock on any rally.
On the 22nd may shares of NASDAQ:AMBA fell 12% following reports that its chinese customer HIK would be added to the banned list. Possibly a knee jerk reaction as this is purely speculation and AMBA is not actually registered in the USA. The earnings call might shed some light on the issue. On a more positive issue AMBA recently announced a exciting partnership with Baolong Technology to develop a advanced AI driver monitoring platform. Buyers have returned to the name in the last few days running into earnings which is encouraging and AMBA is expected to meet or beat expectations. This is a risky sector to be getting into in the current market but has a high RR and the short interest could help propel the stock on any rally.
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