Today: 30 June 2026
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NASDAQ:AMBA 7 January 2026 - 30 May 2026

Ambarella Drops on $800 Million AI Deal News

Ambarella Drops on $800 Million AI Deal News

Ambarella shares tumbled 21% late Friday, wiping out gains for the week. The edge-AI chip company reported higher sales for the quarter and said it secured a Hanwha partnership with a potential value over $800 million for more than ten years. Ambarella beat short-term Wall Street estimates, raised its Q2 revenue forecast to $105 million to $111 million, and reported a record for automotive revenue. Still, the stock had already climbed a lot and investors didn't want to wait for an AI win that may take a while to boost profits. The news itself wasn't clearly negative, but the move showed some were looking beyond near-term numbers.
30 May 2026
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Ambarella Drops 20% After AI Beat, $800 Million Hanwha Contract

Ambarella Drops 20% After AI Beat, $800 Million Hanwha Contract

Ambarella fell roughly 20% Friday afternoon, with shares at $73.33 near 12:53 p.m. in New York. The move followed a small earnings beat and news of a major multi-year agreement with Hanwha of South Korea. Shares opened at $82.39 and traded as low as $71.76. The Invesco QQQ Trust was slightly up in the same period. Ambarella is pitching edge AI, running artificial intelligence on devices like cameras and cars instead of sending data to the cloud. But the market response suggests that for AI chip stocks, a slight earnings beat isn't always enough when expectations are set.
29 May 2026
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Stock Market Today

  • IT Shares Weigh on Sensex, Nifty; Markets Eye U.S.-Iran Talks
    June 30, 2026, 11:30 AM EDT. Indian indexes slipped Tuesday, pulled down by weaker IT stocks. The Nifty ended 80.50 points lower at 23,865.75, while the Sensex lost 249.70 at 76,478.67. Traders pointed to 24,000 as near-term resistance for Nifty, with 23,800 important on the downside. Nifty IT, Media, and PSU Bank sectors were under the most pressure, but MidCap and SmallCap shares rose. Maruti Suzuki, Titan, and Bajaj Finance posted gains. Many investors held back before the expected U.S.-Iran meeting in Doha, a geopolitical event markets are watching closely.
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