Expect analysts to pump AMBA tomorrow after quietly accumulating AMBA shares today...
GPRO's good guidance and the new Spherical Camera tech is GOLD for AMBA!
From Investor's Business Daily:
--""It seems obvious to us that GoPro is off to work on a device that will let users capture spherical video," Anderson said. "That means totally immersive video (up-down, side-to-side) that could be viewed on a virtual reality headset.
"While there are other companies working spherical, or 360-degree video, it strikes us that no one will have the brand, ecosystem or distribution footprint (both retail and content sharing) to make it mainstream in the same way that GoPro can."
A new high-end GoPro camera for capturing 360-degree images would provide a new market opportunity for GoPro image chip supplier Ambarella (NASDAQ:AMBA).
Ambarella stock was up more than 3%, above 74, in midday trading on the stock market today, once again above its 10-day line.