19 days ago • Posted by William Ramstein
Ambarella, an AI computer vision firm, is set to underperform by BoA
Remain cautious given macro/trade uncertainties. In addition, the stock's premium valuation versus broader semis also sets a high bar for execution. While Q1 marked an impressive turn for AMBA, the firm faces stiff competition ahead. AMBA high valuation might be over exposed to China restriction risks and while their auto segment is in a run of form, there is competition from Intel/Mobileye, Nvidia and Qualcomm (they all compete on similar technologies, think AI chips).