Ambarella surges after report says chip designer explores potential sale

Ambarella

24/06/2025 17:08

** Shares of chip designer Ambarella AMBA.O jump 16.8% to $60.24

** AMBA is considering options including a potential sale, Bloomberg Law reports, citing people familiar with the matter

** Co has reached out to potential buyers - report

** It could appeal to chip rivals interested in bulking up their automotive portfolio - report

** AMBA did not immediately respond to a Reuters request for comment

** As of last close, stock down ~29% this year

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))