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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