Ambarella: Back To Reality

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About: Ambarella, Inc. (AMBA), Includes: INTC
by: Stone Fox Capital
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Summary

Ambarella beat FQ3 results, but the management team suggested revenues of $10 million were pulled forward.

After years of spending, the company still can't disclose any needle moving CV chip deals with automotive customers.

The stock is likely to retest $40 with revenue estimates for FY20 and FY21 declining.

Despite all of the promises of computer vision chips and the huge stock rally this year, Ambarella (NASDAQ:AMBA) still hasn't generated anywhere near the results and forward expectations warranting the stock rally this