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Wajeeh Khan

Ambarella Shares Surged on News the Chipmaker Is Exploring a Sale. Should You Buy AMBA Stock Here?

Ambarella (AMBA) shares gained nearly 20% on Tuesday following a report that the Santa Clara-headquartered chip designer is exploring a potential sale. 

According to sources that spoke with Bloomberg, Ambarella is already working with bankers and has attracted buyout interest from private equity firms as well. 

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