Ambarella: Not Ready To Roll, Just Yet
- Ambarella cut guidance for current quarter revenues by a sizable amount due to supply chain issues.
- The chip company continues to have a large order book in the auto tech sector.
- The stock isn't exceptionally cheap at 7x FY24 sales, but the auto tech market potential makes Ambarella a buy.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »