Needham initiated coverage of Ambiq Micro (AMBQ) with a Buy rating and $48 price target Ambiq is a fabless semiconductor company that develops ultra-low power solutions targeting artificial intelligence inferencing at the edge, the analyst tells investors in a research note. The firm believes the company has a “truly differentiated” technology that positions it well as AI becomes more prevalent in edge internet of things devices.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMBQ:
- Ambiq Micro: Strategic Positioning and Growth Prospects in the Semiconductor Industry
- Ambiq Micro, Inc.: Strategic Positioning and Growth Potential in Edge AI Market with ‘SPOT’ and ‘Atomiq’ Platforms
- Ambiq Micro initiated with a Neutral at UBS
- Ambiq Micro initiated with a Buy at Stifel
- Opening Day: Figma sees record IPO surge