Ambarella (AMBA) saw its share prices soar by 14.65% in a week to hit an all-time high, driven by a positive outlook and strong earnings. The company surged up to 32% on Friday to reach a new record high of $93.44 before closing at $82.48, up by 16.78%.

Ambarella (AMBA) updated its full-year revenue growth outlook to 31-35% with a midpoint of $379 million, citing strong secular growth in the edge AI market. The company anticipates production shipments from its first robotic aerial drone win by fiscal 2026 end. Third-quarter revenue targets range between $100 million and $108 million.

In the second quarter, Ambarella (AMBA) narrowed its net loss by 42.69% to $19.99 million while revenues surged by 49.9% to $95.5 million year-on-year. Despite the potential of AMBA as an investment, some AI stocks may offer higher returns with limited downside risk, according to reports.

Read more at Yahoo Finance: Ambarella (AMBA) Soars up to 32% to Hit New Record High on Highly Optimistic Outlook, Stellar Earnings