Why Ambarella Stock Is Skyrocketing Today

Why Ambarella Stock Is Skyrocketing Today

Ambarella Inc AMBA shares are trading higher by 14.33% to $76.42 Friday after Continental announced it will offer Advanced Driver Assistance Systems solutions based on the "CV3" artificial intelligence system-on-chip family from Ambarella.

What Happened?

Continental says that Ambarella’s fully scalable, power efficient family of system-on-chips provides significant AI performance per watt for neural network computation, with a performance increase of over 40 times compared to its former semiconductor chip family.

Additionally, Ambarella integrates its image signal processor technology into all SoCs. This results in robust ADAS systems with higher levels of environmental perception in challenging lighting, weather and driving conditions for both machine and human vision. Humans see through the sensors of the assistance system.

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“After exchanging on different use cases with Ambarella for two years, Continental is now integrating its high-performance, low latency, and low-power processing chipset into our assisted driving solutions. This brings our ADAS systems to the next level and helps to serve the growing amount of sensor data in the vehicle. With this, we achieve a more comprehensive and accurate environment perception,” says Frank Petznick, Head of the Autonomous Mobility Business Area at Continental.

“We have now combined our expertise in this field to offer an enhanced level of systems performance as well as scalable solutions required by the market.”

According to data from Benzinga Pro, AMBA has a 52-week high of $227.59 and a 52-week low of $49.02.

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