While artificial intelligence is a booming field right now, there are still major goals to be accomplished. One of those is autonomous driving. Once the exclusive domain of science fiction, we’re closer than ever to having robots drive us around. Considering global population growth and the projected traffic increases, automating mobility would be a godsend. And that brings us to autonomous driving stocks.For one thing, the broader ecosystem is likely to be massive. According to Grand View Research, the glo ...

SANTA CLARA, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ:AMBA), an edge AI semiconductor company, and Plus, an AI-based driver assist and autonomous driving (AD) solutions provider, today announced that Plus's PlusVision™—a high-performance transformer-based AD perception software stack with industry-leading power efficiency—is now available on Ambarella's CV3-AD AI domain controller family of systems-on-chip (SoCs), which provides industry leading AI performance per watt. This state-o ...

SANTA CLARA, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, and Plus, an AI-based driver assist and autonomous driving (AD) solutions provider, today announced that Plus’s PlusVision™—a high-performance transformer-based AD perception software stack with industry-leading power efficiency—is now available on Ambarella’s CV3-AD AI domain controller family of systems-on-chip (SoCs), which provides industry leading AI performance per watt. This state- ...

Back-to-school and college is one of the busiest shopping seasons (mid-July to mid-September) in the United States. As of early July, more than half (55%) of back-to-school and college shoppers have already started buying items for the upcoming school year, according to NRF. While shopping has begun in full swing, the majority (86%) of consumers are yet to finish the rest of their purchases.Total back-to-school spending is expected to reach $38.8 billion, the second-highest figure on record, after last year ...

Ambarella stock competes with Nvidia and Qualcomm in the automotive market.In today's video, I discuss recent updates impacting Ambarella (AMBA -0.04%). Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were the market prices of July 22, 2024. The video was published on July 22, 2024. ...

Wherever machine learning exists so does the potential for broader artificial intelligence (AI) applications. That’s because machine learning is, in effect, a subset of artificial intelligence development and is often used for the early days of training a model through algorithmic disciplines. As a result, machine learning stocks are small yet potentially critical contributors to the future of AI development. Through their proprietary software, they may become even more valuable than they currently appear t ...

Ambarella (AMBA) has lost 7.7% in the year-to-date period against the Zacks Electronic-Semiconductor industry’s growth of 17.2%. The stock’s underperformance reflects the company’s dismal financial performance for the past year as customer inventory correction measures continue to hurt the top line.However, Ambarella is continuously making efforts to gain new customers, which will help it return to its growth trajectory. AMBA recently signed a strategic cooperation agreement with Leapmotor. Both companies w ...

Company Overview - Ambarella Inc. is a semiconductor developer focused on system-on-a-chip (SoCs) for computer vision applications, actively participating in the edge AI revolution [1] - The company's SoCs are utilized in various applications including drones, security cameras, IoT, and advanced driver assistance systems (ADAS) [1] Edge AI and Technology - Edge AI refers to real-time processing on the device itself, offering faster processing, lower latency, and improved security compared to centralized cloud servers [2] - Ambarella's SoCs are designed for edge processing, enabling instantaneous data analysis with low power consumption [2] Financial Performance - For fiscal Q1 2025, Ambarella reported an EPS loss of 26 cents, which was 5 cents better than consensus estimates, while revenues fell 12.3% YoY to $54.47 million, exceeding the $53.98 million consensus [5] - The non-GAAP gross margin was 63.4%, slightly up from 63.1% in the previous year, and the company closed the quarter with $203.3 million in cash and cash equivalents [5] Future Guidance - Ambarella raised its fiscal Q2 2025 revenue guidance to between $60 million and $64 million, surpassing the $59.41 million consensus estimates, with expected non-GAAP gross margins between 62.5% and 64% [6] - The company anticipates revenue growth driven by inventory normalization and the expansion of its AI inference portfolio [8] Market Position and Competition - Ambarella competes with major chip makers such as Mobileye, NVIDIA, and Qualcomm in the computer and technology sector [1] - The CEO noted early signs of growth from AI inferencing at the network edge and multiple customer engagements leading to revenue opportunities [7]

HANGZHOU, China and SANTA CLARA, Calif., June 11, 2024 (GLOBE NEWSWIRE) -- Leapmotor (HKEX: 09863), a technology-driven intelligent electric vehicle company with a full suite of R&D capabilities, and Ambarella, Inc. (NASDAQ:AMBA), an edge AI semiconductor company, recently signed a strategic cooperation agreement. The two companies will focus on creating a first-class intelligent driving experience for the global new energy vehicle market. As part of this cooperation agreement, Leapmotor committed to creati ...

Strategic Cooperation Agreement - Leapmotor and Ambarella signed a strategic cooperation agreement to create a first-class intelligent driving experience for the global new energy vehicle market [1] - Leapmotor will develop an advanced intelligent driving solution based on Ambarella's CV3-AD family of automotive AI domain controller SoCs [1] - The collaboration aims to achieve technical verification and installation of CV3-AD SoCs on new passenger-vehicle models, offering affordable and superior intelligent electric vehicles [1] Ambarella's CV3-AD SoC Family - CV3-AD SoCs are scalable, high-performance, and low-power AI domain control SoCs based on a 5nm automotive-grade process technology [2] - The SoCs comply with ASIL-B/D functional safety standards and support centrally processed environmental sensing suites [2] - They integrate a high-quality image signal processor for ultra-low latency, low noise, and high dynamic range images [2] - CV3-AD SoCs provide hardware AI acceleration and centralized fusion of raw LiDAR and millimeter-wave radar data [2] - Leapmotor confirmed the specifications, performance, and reliability of CV3-AD SoCs and praised Ambarella's support [2] Leapmotor's Vision and Product Strategy - Leapmotor focuses on technology and intelligence to provide the best value-for-money with superior intelligent vehicle electrification [3] - The company aims to be in the first echelon of the industry in terms of intelligent driving [3] - Leapmotor believes the partnership with Ambarella will accelerate the upgrading and iteration of product intelligence and create safer and more practical advanced intelligent driving functions [4] Ambarella's Perspective on the Partnership - Ambarella is honored to partner with Leapmotor, emphasizing the need for higher AI performance, lower power consumption, and comprehensive support for advanced algorithms in advanced intelligent driving systems [4] - CV3-AD SoCs demonstrate proven performance in mainstream advanced intelligent driving systems and help simplify product design, improving electric vehicle range and reducing battery costs [4] Future Collaboration Plans - Leapmotor and Ambarella plan to explore more possibilities for intelligent driving technology cooperation, including addressing challenges and expanding the global market [4] - The companies aim to bring higher-value intelligent driving solutions to global users [4] About Leapmotor - Leapmotor is a Chinese NEV company with full-suite independent R&D capabilities in core NEV technologies [5] - The company develops, manufactures, and sells NEVs, produces EIC core components, and provides vehicle internet solutions based on cloud computing [5] - Leapmotor launched a "dual-model layout of battery electric + extended range" in 2023 and has mass-produced four electric vehicles, including T03, C11, C01, and C10 [5] - In 2023, Leapmotor delivered 144,155 units [5] About Ambarella - Ambarella's products are used in human vision and edge AI applications, including video security, ADAS, electronic mirrors, drive recorders, driver/cabin monitoring, autonomous driving, and robotics [6] - The company's low-power SoCs offer high-resolution video compression, advanced image and radar processing, and powerful deep neural network processing [6]