Ambarella, Inc. (AMBA)

[HokieHead]

Took a long term position this week, best semiconductor stock in the market. New deal with Amazon AWS in January. Incredible new chip technology, like hitting Qualcomm in inning one. Crazy AI chip..

Recent target raised to $160:
Berenberg reiterated its “buy” rating on the stock. Analyst Andy Buscaglia raised his valuation estimate from $87 to $160.

“Our AI vision portfolio is well positioned for the megatrends around security, safety and automation, and the pandemic appears to be accelerating the digital transformation,” said Fermi Wang, President and CEO. “We are announcing a significant automotive revenue funnel and providing a strong CV growth outlook. We have also recently added new CV customers in Asia, expanded our organization and strengthened our position in high volume markets with the introduction of CV28.”