Ambarella stock pops 20% as AI demand boosts guidance
Thomas Fuller | SOPA Images | Lightrocket | Getty Images Ambarella stock roared 20% higher Friday as the chip designer reported better-than-expected fiscal second-quarter results and issued strong guidance. Here’s how the company did compared with LSEG expectations: Earnings: 15 cents per share adjusted vs 5 cents per share expected Revenue: $96 million vs $90…