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Barchart
Wajeeh Khan

Nvidia Rumors Just Gave Ambarella Stock a Big Boost

Ambarella Nvidia AMBA Artificial Intelligence Barchart Semiconductor

Ambarella (AMBA) stock rallied on Oct. 21 after takeover speculation linked Nvidia (NVD) to the Nasdaq-listed fabless semiconductor design company. The artificial intelligence (AI) darling could be the previously unidentified third potential bidder interested in buying AMBA, a Betaville alert suggested on Wednesday.

Despite today’s gain, Ambarella shares are down about 30% versus their year-to-date high.

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