Ambarella Inc is trading 5.8% down now at $69.53 as traders continue to unwind positions following its sharp post-earnings selloff and subsequent rebound earlier this week.
- The stock is being hit alongside other semiconductor and AI-related names after Broadcom’s disappointing reaction to earnings triggered sector-wide profit-taking.
- Macro and rotation pressure are adding further weight to the already volatile name following its recent earnings-driven price swings.