Scalper1 News
Ambarella (AMBA) stock fell 8.9% Wednesday, as Needham & Co. downgraded the stock to hold from buy. Ambarella is a supplier of video compression chips used in a wide variety of digital and wearable cameras, including the popular GoPro. Last month, Ambarella announced a joint development with Google (GOOG) for wearable cameras to be used with Google’s Helpouts application and service, as IBD reported. From that announcement on Dec. 20 through Scalper1 News
Scalper1 News