It has taken time for Ambarella (NASDAQ: AMBA) to gain traction, but its Q3 results prove it is. The shift from a pure-play computer vision company to an edge AI company focused on computer vision is instrumental to the company's traction and provides a vehicle for growth long into the future. The Q3 results are company-specific due to its leadership position in computer vision/AI technology but also supported by a general upcycle budding in the industrial chip market. Results from Analog Devices (NASDAQ: ADI), Supermicro Computer (NASDAQ: SMCI), GlobalFoundries, and others reveal that global inventory correction is ending, and demand is improving across all end markets, including automotive and IoT, where Amberalla shines.
