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 »
While Ambarella (NASDAQ:AMBA) was ready to roll last quarter, the Chinese covid lockdowns further dented supplies and demand. The computer vision company still has a massive auto order book warranting investor interest as the stock dips. My investment thesis remains Bullish on the stock, but the summer months will remain rocky due to supply chain issues and extended auto tech orders.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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