The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro.

• On Nov. 26, Ambarella reported a year-over-year increase in third-quarter revenue results. “Company specific factors are more than offsetting broad market weakness, and we are reporting 30% sequential revenue growth in fiscal Q3, above the high-end of our guidance range, with strength led again by our customers’ new products, especially those incorporating our higher priced AI inference processors.  Edge AI revenue represented about 70% of our total revenue, establishing a new record level, and this momentum is expected to enable growth in both our IoT and Auto markets in F2025 and F2026,” said Fermi Wang, President and CEO.  The company's stock gained around 17% over the past five days and has a 52-week high of $69.55.
• RSI Value: 86.01                              
• AMBA Price Action: Shares of Ambarella gained 1.7% to close at $68.41 on Tuesday.

• On Nov. 26, the company reported better-than-expected first-quarter financial results. “During our first quarter we delivered outperformance across our guided metrics,” said Rajiv Ramaswami, President and CEO of Nutanix. The company's stock gained around 13% over the past month and has a 52-week high of $75.80.
• RSI Value: 73.84
• NTNX Price Action: Shares of Nutanix fell 0.6% to close at $72.35 on Tuesday.

• On Nov. 13, Radcom reported better-than-expected third-quarter financial results and raised its FY24 revenue guidance. Hilik Itman, RADCOM’s Interim Chief Executive Officer, stated, “We have made significant progress in expanding our business and are confident in our ability to continue profitable growth and increase market share by leveraging our healthy sales pipeline. We believe our best-in-class 5G assurance platform, combined with integrated artificial intelligence (AI) capabilities, positions us well to meet evolving customer needs and requirements in the 5G market.” The company's stock gained around 22% over the past month and has a 52-week high of $12.84.
• RSI Value: 71.42
• RDCM Price Action: Shares of Radcom gained 4.2% to close at $12.29 on Tuesday.