Strong SoC Platforms Demand Assert Ambarella, Inc. (AMBA) as a Top Robotics Stock to Buy According to Short Sellers

Ambarella, Inc. (NASDAQ:AMBA) is one of the best robotics stocks to buy. On May 29, Rosenblatt reiterated a Buy rating on Ambarella (NASDAQ:AMBA) with a $120 price target. The firm remains bullish as the use of AI models at the network edge is increasingly fueling demand for the company’s CV SoC platforms.

The company has already inked a 10-year deal with Hanwha Group for multiple AI SoC platforms. The agreement paves the way for the sourcing and co-development of Ambarella edge AI technology across Hanwha product lines and industries. The agreement has the potential to generate $800 million in potential revenues.

The agreement comes as Ambarella’s 5nm, 4nm, and soon-to-be-2nm AI SoC technology is poised for energy-efficient, high-performance applications. They are also well-suited for edge applications, from robotics to telematics.

Meanwhile, on June 17, Northland reiterated an Outperform rating on Ambarella and a $101 price target, impressed by the company’s prospects in artificial intelligence applications.

​Ambarella, Inc. (NASDAQ:AMBA) designs low-power semiconductors and software for “edge” AI and computer vision. Their specialized chips process high-resolution video and sensor data in real-time on devices, enabling them to understand their surroundings without relying on the cloud.

While we acknowledge the risk and potential of AMBA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMBA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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