AMBA is trading 6.9% up in pre-market at $83.80 as the stock extends a sharp multi-day rally driven by bullish analyst sentiment regarding its edge AI chip business.
- Rosenblatt recently named Ambarella a top pick for the second half of 2026, labeling the company a physical AI pure play.
- The firm raised its price target for the stock to $120, fueling strong momentum and investor interest despite recent market volatility.