Summit Insights upgraded Ambarella (AMBA) to Buy from Hold following the fiscal Q2 beat. The firm says the emergence of autonomous robotics in addition to the “renewed popularity” for portable 360-degree cameras can meaningfully expand the company’s total addressable market in its internet of things business. The expanded market represents an inflection point, leading Ambarella to post further outperformance in fiscal 2027, the analyst tells investors in a research note.
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