GoPro Supplier Ambarella Rallies After Sales Exceed Estimates
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Ambarella Inc., a video technology company that supplies GoPro Inc. with image-processing chips, rallied after its sales forecast topped analyst estimates.
The stock climbed 4.3 percent to $37.29 at 1:24 p.m. in New York for a fifth consecutive day of gains, the longest streak since June. Shares of the Santa Clara, California-based company have surged more than sixfold since going public in October 2012 at $6 a share.