5 Best Military Drone Stocks to Invest In

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In this article, we discuss 5 best military drone stocks to invest in. If you want to read about some more military drone stocks, go directly to 10 Best Military Drone Stocks to Invest In.

5. Ambarella, Inc. (NASDAQ:AMBA)

Number of Hedge Fund Holders: 27   

Ambarella, Inc. (NASDAQ:AMBA) develops semiconductor solutions that enable high-definition (HD) and ultra HD compression in videos, image processing, and deep neural network processing worldwide. It is one of the best drone stocks to invest in. On June 22, an autonomous driving truck technology and operation company, Inceptio Technology, selected Ambarella’s CVflow systems on chip for its automotive grade central computing platform.

On October 11, Needham analyst N Quinn Bolton maintained a Buy rating on Ambarella, Inc. (AMBA) stock and lowered the price target to $90 from $110. 

At the end of the second quarter of 2022, 27 hedge funds in the database of Insider Monkey held stakes worth $214 million in Ambarella, Inc. (NASDAQ:AMBA), compared to 32 in the preceding quarter worth $319 million. 

In its Q2 2022 investor letter, Carillon Tower Advisers, an asset management firm, highlighted a few stocks and Ambarella, Inc. (NASDAQ:AMBA) was one of them. Here is what the fund said:

“Ambarella, Inc. (NASDAQ:AMBA) is a leading supplier of video processing and computer vision chips used in the security and automotive markets. The company continues to face supply headwinds as well as some disruptions among its customers in China related to COVID lockdowns.”

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