Ambarella surges after report says chip designer explores potential sale
ReutersJun 24, 2025 4:08 PM
Shares of chip designer Ambarella AMBA.O jump 16.8% to $60.24
AMBA is considering options including a potential sale, Bloomberg Law reports, citing people familiar with the matter
Co has reached out to potential buyers - report
It could appeal to chip rivals interested in bulking up their automotive portfolio - report
AMBA did not immediately respond to a Reuters request for comment
As of last close, stock down ~29% this year
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