Can This High-Flying Artificial Intelligence (AI) Stock Become the Next SoundHound AI in 2025?
For its fiscal 2025's third-quarter (ended Oct. 31), Ambarella reported a terrific year-over-year increase of 63% in revenue to $82.7 million. CEO Fermi Wang pointed out on the company's earnings conference call that Ambarella "achieved record levels of AI revenue, which in turn contributed to a higher blended average selling price ("ASP")."