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Highflying chip stock Ambarella (AMBA) was winged by a negative report from short-seller Citron Research on Friday, falling hard for the second straight trading day on Monday. Ambarella, maker of video processing chips for GoPro (GPRO) and others, saw its shares plummet 19%, near 96, by early afternoon on the stock market today. On Friday, Ambarella stock tumbled nearly 6% to 119.35. In its report, Citron called Ambarella’s stock appreciation Scalper1 News
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