Ambarella shares are trading higher amid strength in semiconductor stocks in sympathy with NVIDIA.
Portfolio Pulse from Benzinga Newsdesk
Ambarella shares are trading higher due to strength in semiconductor stocks, following NVIDIA's positive performance.
May 30, 2023 | 4:57 pm
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Ambarella's stock price is trading higher due to strength in semiconductor stocks, in sympathy with NVIDIA.
Ambarella's stock price is directly impacted by the overall strength in semiconductor stocks, which is currently being driven by NVIDIA's positive performance. As a result, AMBA's stock price is likely to rise in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100