However, the bearish case for Ambarella's stock isn't set in stone just yet, the analyst suggested. Investors do have reason to be optimistic about Ambarella's upcoming Computer Vision chips but shouldn't expect any meaningful revenue ramp until at least fiscal 2020.
Bottom line, investors may want to consider staying on the sideline during this "transition period" as the near-term outlook is plagued by volatility and elevated investments.
At time of publication, shares of Ambarella were down 21.55 percent at $42.67. GoPro shares were relatively flat, up 0.65 percent at $9.27.
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