Short interest for Ambarella gives investors a sense of the degree to which investors are betting on the decline of Ambarella's stock. Short interest data is updated every two weeks.

Ambarella Stock (NASDAQ:AMBA), Short Interest Report

Ambarella

Ambarella Inc is a developer of semiconductor processing solutions for high-definition video capture, sharing, and display. The firm's solutions are sold to original design manufacturers and original equipment manufacturers to be designed for use in infrastructure broadcast encoders, wearable device cameras, automotive cameras, and security cameras. Ambarella's system-on-a-chip designs, based on its proprietary technology platform, are highly configurable to applications in various end markets. Geographical presence in Taiwan, Asia Pacific, Europe, North America, and the United States. The firm derives the majority of its revenue from Taiwan.

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Ambarella reported higher Q4 FY24 results, with revenue beating expectations. Company expects growth and profitability in FY25.

Why Semiconductor Company Ambarella Shares Are Higher Premarket Wednesday

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Sentiments turn negative on Wednesday after the mixed performance in the previous session, as the focus shifts to some key Main Street data. Traders may prefer to move to the sidelines to see off some key economic catalysts due for the week. Earnings news for the day has been mixed, although some weak retail earnings could dent market mood.

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Ambarella Inc

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Neusoft Reach And Ambarella Forge Strategic Partnership To Drive Advancements In Autonomous Driving And Intelligent Automotive Technology

During the last three months, 4 analysts shared their evaluations of Ambarella (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>), revealing diverse outlooks from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $73.25, a high estimate of $90.00, and a low estimate of $50.00. Witnessing a positive shift, the current average has risen by 10.43% from the previous average price target of $66.33.
<img src="https://www.benzinga.com/files/images/story/2024/1713286850_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of Ambarella among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Vivek Arya</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$50.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$73.00</td>
<td>$67.00</td>
</tr>
<tr>
<td>Christopher Rolland</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$80.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Quinn Bolton</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$90.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Ambarella. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Ambarella compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Ambarella's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Ambarella's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/AMBA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Ambarella analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering Ambarella: A Closer Look</h2>
Ambarella Inc is a developer of semiconductor processing solutions for high-definition video capture, sharing, and display. The firm's solutions are sold to original design manufacturers and original equipment manufacturers to be designed for use in infrastructure broadcast encoders, wearable device cameras, automotive cameras, and security cameras. Ambarella's system-on-a-chip designs, based on its proprietary technology platform, are highly configurable to applications in various end markets. Geographical presence in Taiwan, Asia Pacific, Europe, North America, and the United States. The firm derives the majority of its revenue from Taiwan.
<h3>Financial Insights: Ambarella</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Ambarella faced challenges, resulting in a decline of approximately -38.05% in revenue growth as of 31 January, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Ambarella's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -117.42%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Ambarella's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -10.53%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Ambarella's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -9.03%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a below-average debt-to-equity ratio of 0.01, Ambarella adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Peeling Back The Layers: Exploring Ambarella Through Analyst Insights

B of A Securities analyst Vivek Arya maintains Ambarella (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) with a Underperform and lowers the price target from $62 to $50.

Price Target

B of A Securities Maintains Underperform on Ambarella, Lowers Price Target to $50

<a href="https://www.globenewswire.com/Tracker?data=rSJFoLlUM-px8r-CsIr3tmtgy7MFFJJEjc2hARzS15IL_PJcXqYI2reVUH953cHbT8NbV6Ot-wlYfp_9FXY5xI_2aVbGgz_DJQIH-ykqKyk=" target="_blank">Ambarella, Inc.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>), an edge AI semiconductor company, today announced during the&nbsp;<a href="https://www.globenewswire.com/Tracker?data=dVx-JQrB9HRZi5Gz_LDgQuvy4ljoTe5juhVOgYUO3FjBdK-r1qioxD-IaAfOfLlS5wdM2RqbMSaDrPwErcTY0nON9zfyYaqPwiPdvw_BQ-4=" target="_blank">ISC West</a>&nbsp;security expo, the continued expansion of its AI system-on-chip (SoC) portfolio with the 5nm CV75S family. These new SoCs provide the industry&#39;s most power- and cost-efficient option for running the latest multi-modal vision-language models (VLMs) and vision-transformer networks. This efficiency makes these cutting-edge AI technologies feasible for a broad range of cost- and power-constrained devices within security cameras for enterprises, smart cities and retail; industrial robotics and access control; and a host of AI-enabled consumer video devices, such as sports and conferencing cameras.

Ambarella Unveils Cutting-Edge AI Chips at ISC West, Powering the Future of Security and Smart Devices

&nbsp;<a href="https://www.globenewswire.com/Tracker?data=pMuIHZKEqj3dIM7wPA7jzCudZhM1Mn-mfqNGcd-NaxAMGwGi7JCAt8ffpTnhlq_XYMiIYUtfWfcUHjml-BOOxg==" target="_blank">SANY Group</a>&nbsp;(SANY), a worldwide leader in the commercial vehicle industry, and&nbsp;<a href="https://www.globenewswire.com/Tracker?data=1jnjpv6FbWpH0RJjNMhbH7-qOFWwcP4Eip7IUSbXmjaqJknt1MrDekXl7myYbhjY8iq-PyMaPOgu9HmpU-cq_fVHKPnbOtoyswozsHcOO3k=" target="_blank">Ambarella, Inc.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>), an edge AI semiconductor company, announced a strategic cooperation focused on advanced mobility solutions for the global market. 
&nbsp;
SANY agreed to leverage Ambarella&#39;s powerful CV3-AD family of automotive AI domain controller systems-on-chip (SoCs) to develop advanced automated driving solutions, and to achieve technical validation and deployment on its next-gen commercial vehicles and special-purpose vehicles. At the same time, both parties will collaborate on the joint development of high-performance and highly integrated automated driving solutions, as well as jointly promoting them in the market, with the goal of achieving start-of-production for the first collaborative vehicle model by calendar year 2025.

SANY Group and Ambarella Announce Strategic Cooperation to Accelerate Implementation of CV3-AD Domain Controller-Based Intelligent Driving Systems

9 analysts have expressed a variety of opinions on Ambarella (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $78.33, along with a high estimate of $90.00 and a low estimate of $65.00. This upward trend is apparent, with the current average reflecting a 12.87% increase from the previous average price target of $69.40.
<img src="https://www.benzinga.com/files/images/story/2024/1709146827_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The standing of Ambarella among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$73.00</td>
<td>$67.00</td>
</tr>
<tr>
<td>Christopher Rolland</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$80.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Quinn Bolton</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$90.00</td>
<td>-</td>
</tr>
<tr>
<td>Gary Mobley</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$65.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Kevin Cassidy</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$85.00</td>
<td>-</td>
</tr>
<tr>
<td>Christopher Rolland</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$70.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$67.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Quinn Bolton</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$90.00</td>
<td>-</td>
</tr>
<tr>
<td>Kevin Cassidy</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$85.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Ambarella. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Ambarella compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Ambarella's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Ambarella's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/AMBA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Ambarella analyst ratings.</a>
<h2>Delving into Ambarella's Background</h2>
Ambarella Inc is a developer of semiconductor processing solutions for high-definition video capture, sharing, and display. The firm's solutions are sold to original design manufacturers and original equipment manufacturers to be designed for use in infrastructure broadcast encoders, wearable device cameras, automotive cameras, and security cameras. Ambarella's system-on-a-chip designs, based on its proprietary technology platform, are highly configurable to applications in various end markets. Geographical presence in Taiwan, Asia Pacific, Europe, North America and United States. The firm derives majority of revenue from Taiwan.
<h3>A Deep Dive into Ambarella's Financials</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Ambarella's revenue growth over a period of 3 months has faced challenges. As of 31 October, 2023, the company experienced a revenue decline of approximately -39.11%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -82.44%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Ambarella's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -6.99%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Ambarella's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -6.04%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Ambarella's debt-to-equity ratio is below the industry average at 0.01, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Significance of Analyst Ratings Explained</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Demystifying Ambarella: Insights From 9 Analyst Reviews

Morgan Stanley analyst Joseph Moore maintains Ambarella (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) with a Overweight and raises the price target from $67 to $73.

Morgan Stanley Maintains Overweight on Ambarella, Raises Price Target to $73

Susquehanna analyst Christopher Rolland maintains Ambarella (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) with a Positive and raises the price target from $70 to $80.

Susquehanna Maintains Positive on Ambarella, Raises Price Target to $80

Ambarella, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) shares are trading higher after the company reported better-than-expected&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/g37347214/ambarella-inc-announces-fourth-quarter-and-fiscal-year-2024-financial-results" rel="noreferrer noopener">fourth-quarter FY24 results</a>.
Revenue declined 38.1% Y/Y to $51.62 million, marginally beating the consensus of $51.56 million. Adjusted gross margin contracted to 62.5% from 63.5% a year ago. Adjusted EPS loss of $(0.24) exceeded <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">the consensus of $(0.33)</a>.
As of January 31, 2024, the company held cash, cash equivalents, and marketable debt securities of $219.9 million.
Outlook: Ambarella expects the first-quarter FY25 revenue of $52 million-$56 million vs. consensus of $53.59 million. The company sees adjusted gross margin of 61.5%-63.0% and adjusted operating expenses <a href="https://www.benzinga.com/calendars/guidance">of $46.0 million-$49.0 million.</a>
Fermi Wang, President and CEO said, &#8220;We expect to return to revenue growth in fiscal year 2025, due to the strength of our AI products and the early actions we took to help our customers navigate their excess inventory. Looking beyond, we aim to restore growth and profitability while continuing to drive our edge AI inference R&amp;D focus.&#8221;&nbsp;
&#8220;In the last year our key achievements included the continued ramp of our first 5 nanometer AI processor, CV5, which paves the way for our newer 5nm products.&#8221;
Price Action: AMBA shares are up 10.49% at $64.00 premarket on the last check Wednesday.

Needham analyst Quinn Bolton reiterates Ambarella (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) with a Buy and maintains $90 price target.

Reiteration

Needham Reiterates Buy on Ambarella, Maintains $90 Price Target

Sentiments turn negative on Wednesday after the mixed performance in the previous session, as the focus shifts to some key Main Street data. Traders may prefer to move to the sidelines to see off some key economic catalysts due for the week. Earnings news for the day has been mixed, although some weak retail earnings could dent market mood.
That said, risk appetite is still alive and kicking, as evidenced by the continued surge in cryptocurrencies. A few Fed speeches and the inflation component of the preliminary fourth-quarter GDP report could help set the tone for Wednesday&#8217;s session.
Tuesday&#8217;s Market Recap:
U.S. stocks closed Tuesday&#8217;s session on a mixed note, as traders digested some soft data, including a bigger-than-expected decline in durables goods orders for January and an unexpected drop in the February consumer confidence.
The major indices opened Tuesday&#8217;s session uniformly higher before taking divergent routes. While the Nasdaq Composite hovered mostly above the unchanged line, the S&amp;P 500 Index was confined mostly below the flat line in the morning session. The broader gauge recovered in the afternoon to close higher for the day but shy off its all-time high of 5,087.03.
The Dow Industrials ignored a firm start and spent a better part of the session in the red, and in the process, the 30-stock blue-chip average declined for a second straight session.
A majority of S&amp;P sectors advanced on Tuesday, led by communication services and utility stocks. On the other hand, energy and healthcare stocks came under selling pressure.
Small-caps continued to shine, with the Russell 2,000 Index trading in the green throughout the session.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.37%</td>
<td>16,035.30</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.17%</td>
<td>5,078.18</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.25%</td>
<td>38,972.41</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+1.34%</td>
<td>2,056.11</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Analyst Color:</figcaption></figure>
An analyst sees the recent small-cap outperformance as a reason to cheer. &#8220;Historically, small caps lead coming out of an economic downturn as markets prepare for lower rates from the Fed or the economic backdrop begins to bottom without help from the Fed,&#8221; said Quincy Crosby, LPL Financial&#8217;s Chief Global Strategist.
&#8220;Valuations in the small cap space are attractive but it&#8217;s primarily the underlying sectors, particularly industrials, biotechnology, technology and even financials that are attracting investor interest.&#8221;
The small-cap outperformance bodes well for the economy, he said. &#8220;As small-mid caps represent the most basic level of economic activity, the message they are telegraphing is that economic conditions remain solid and that future conditions similarly are positive.
Futures Today
 Futures Performance On Wednesday ( as of 5:30 a.m. ET)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.41%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.30%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.32%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.66%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) slipped 0.31% to $505.36 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.41% to $435.80, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
The Mortgage Bankers Association will release the results of its mortgage applications volume survey for the recent reporting week at 7 a.m. ET. Data for the week ended Feb. 16, released last week, showed mortgage loan application volume decreasing 10.6% on a seasonally adjusted basis on a week-over-week basis. The decline came as mortgage rates climbed back above 7%.
The Bureau of Economic Analysis is due to release the preliminary fourth-quarter GDP data at 8:30 a.m. ET. Economists, on average, expect the annualized quarter-over-quarter growth of 3.3%, in line with the advance estimate released in late January. Traders may also focus on the inflation components of the report, namely the GDP price index and the core personal consumption expenditure index.
The Commerce Department is scheduled to release its trade balance report for January at 8:30 a.m. ET. The consensus estimate calls for the trade deficit to widen from $87.89 billion in December to $88.4 in January.
The Energy Information Administration will release its customary weekly petroleum status report at 10:30 a.m. ET.
Fed speeches scheduled for the day include: 
<ul>
<li>Atlanta Fed President Raphael Bostic: 12 p.m. ET</li>
<li>Boston Fed President Susan Collins speaks: 12:15 a.m. ET</li>
<li>New York Fed President John Williams: 12:45 a.m. ET</li>
</ul>
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li>Coupang, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>) rose over 8% <a href="https://www.benzinga.com/premarket">in premarket trading </a>following its results announcement.</li>
<li>Other stocks moving on earnings are Agilent Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/A#NYSE">A</a>) (up over 3%), Ambarella, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) (up over 12%), Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) (up over 55%), eBay, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) (up over 3%), First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) (up over 4.75%), Virgin Galactic Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>) (down over 6%) and Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) (down over 11%).</li>
<li>DoubleVerify Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DV#NYSE">DV</a>) slumped over 18% ahead of its earnings.</li>
<li>Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>), Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), Patterson Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDCO#NASDAQ">PDCO</a>), Taboola.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBLA#NASDAQ">TBLA</a>) and The TJX Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) are among the <a href="https://www.benzinga.com/calendars/earnings">notable companies due to report ahead of the market open.</a></li>
<li>Those reporting after the close include AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>), c3.ai, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>), HP, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>), Monster Beverages Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>), Marathon Digital Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) and Snowflake, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>).</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures slipped 1.10% to $78 in early European session on Wednesday after rallying 1.66% on Tuesday. The benchmark 10-year Treasury note edged down 0.02 percentage points at 4.295%. 
Most Asian markets retreated on Wednesday, led lower by the Chinese and the Hong Kong markets. However, the New Zealand, Indonesian, and South Korean markets bucked the downtrend. The NZ50 Average of New Zealand rose after the country&#8217;s central bank maintained an unchanged interest rate at 5.50%.
European stocks showed tentativeness in early trading on Wednesday.
Cryptocurrencies rallied hard, with the apex crypto, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), topping the $59,000 mark.
Photo by ImageFlow on Shutterstock
Read Next: <a href="https://www.benzinga.com/24/02/37331610/7-growth-for-us-cathie-woods-ark-invest-sees-future-far-rosier-than-consensus-view-thanks-to-ai-bloc">7% Growth For US? Cathie Wood&#8217;s Ark Invest Sees Future Far Rosier Than Consensus View Thanks To AI, Blockchain And Other Transformational Tech</a>

Nasdaq, S&P 500 Futures Decline As Traders Await GDP Data, Fed Speeches; Bitcoin Eyes $60K Milestone: Analysts Highlight Small-Cap Gains As Sign Of Robust Economy

Ambarella Sees Q1 Revenue $52M-$56M vs $53.59M Est.

WIIM

Ambarella shares are trading higher after the company reported better-than-expected Q4 financial results.

Ambarella (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) reported quarterly losses of $(0.24) per share which beat the analyst consensus estimate of $(0.33) by 27.27 percent. The company reported quarterly sales of $51.62 million which beat the analyst consensus estimate of $51.55 million by 0.12 percent. This is a 38.05 percent decrease over sales of $83.32 million the same period last year.

Earnings Beats

Ambarella Q4 2024 Adj EPS $(0.24) Beats $(0.33) Estimate, Sales $51.62M Beat $51.55M Estimate

<h3>Gainers</h3>
<ul>
<li>Presto Automation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRST#NASDAQ">PRST</a>) stock increased by 31.0% to $0.74 during Tuesday's after-market session. The market value of their outstanding shares is at $59.7 million. </li>
<li>Ambarella (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) shares increased by 14.12% to $66.14. The company's market cap stands at $2.6 billion. As per the press release, Q4 earnings came out today. </li>
<li>Brightcove (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCOV#NASDAQ">BCOV</a>) shares increased by 8.91% to $2.2. The market value of their outstanding shares is at $96.1 million. As per the press release, Q4 earnings came out 3 days ago. </li>
<li>HeartCore Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCR#NASDAQ">HTCR</a>) shares moved upwards by 7.59% to $0.73. The market value of their outstanding shares is at $15.2 million. </li>
<li>ARB IOT Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBB#NASDAQ">ARBB</a>) shares moved upwards by 7.49% to $1.72. The market value of their outstanding shares is at $45.4 million. </li>
<li>SemiLEDs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEDS#NASDAQ">LEDS</a>) stock rose 6.08% to $1.57. The market value of their outstanding shares is at $10.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Jamf Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAMF#NASDAQ">JAMF</a>) shares decreased by 12.4% to $17.5 during Tuesday's after-market session. The market value of their outstanding shares is at $2.2 billion. The company's, Q4 earnings came out today. </li>
<li>Pros Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRO#NYSE">PRO</a>) shares decreased by 8.51% to $32.26. The market value of their outstanding shares is at $1.5 billion. </li>
<li>Nano Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) shares declined by 7.11% to $1.7. The company's market cap stands at $111.0 million. </li>
<li>MultiSensor AI Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSAI#NASDAQ">MSAI</a>) stock declined by 4.7% to $2.64. The market value of their outstanding shares is at $31.5 million. </li>
<li>Infobird Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFBD#NASDAQ">IFBD</a>) stock declined by 4.69% to $1.22. The market value of their outstanding shares is at $13.0 million. </li>
<li>Backblaze (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLZE#NASDAQ">BLZE</a>) stock declined by 4.38% to $10.28. The company's market cap stands at $402.4 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ARBB

BCOV

BLZE

HTCR

IFBD

JAMF

LEDS

Infrared Cameras Holdings, Inc. - Common Stock

MSAI

PRST

12 Information Technology Stocks Moving In Tuesday's After-Market Session

U.S. stocks are poised for a potential rebound on Tuesday after facing&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37319621/us-stocks-pause-alphabet-google-falls-on-gemini-woes-tesla-bitcoin-rallies-whats-dr" rel="noreferrer noopener">concerns about valuations</a>&nbsp;in the previous session. Early trading shows modest gains in major index futures, indicating continued market momentum. The day&#8217;s trading direction may be influenced by retail earnings reports, economic data releases, and a scheduled Fed speech. Traders may proceed cautiously ahead of key economic catalysts expected later in the week.
With February recording solid gains, markets could be aiming to close the month on a positive note. Investor sentiment leans towards risk-taking, as reflected in rallying cryptocurrencies, with&nbsp;Bitcoin&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) surpassing the $56,500 mark.
Monday&#8217;s Market Recap:
The market, which had been overbought, opened higher but later relinquished its gains, displaying volatility throughout the session. Monday&#8217;s subdued sentiment occurred as traders paused for a breather following the recent record highs in the broader market.
All three major indices ended the session slightly lower, although small-cap stocks, which had been underperforming, managed to buck the downtrend and finish moderately higher.
Eight of the 11 S&amp;P 500 sector classes closed lower for the day, primarily in the communication services, utility, and real estate sectors. Information technology (IT) stocks remained largely unchanged with a slight positive bias, while the consumer discretionary and energy sectors saw modest gains.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.13%</td>
<td>15,976.25</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.38%</td>
<td>5,069.53</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.16%</td>
<td>39,069.23</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.61%</td>
<td>2,028.97</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Analyst Color:</figcaption></figure>
As February is shaping up to be a strong month, an analyst pointed to historical data that augurs well for the market.
Calling it a &#8220;big takeaway,&#8221; Carson Group&#8217;s Ryan Detrick noted that the market records an average gain of 19.87% on the years when both January and February record gains.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Here&#39;s what the S&amp;P 500 looks like in years it gains in both Jan and Feb. Up 19.87% on average is the big takeaway. <a href="https://t.co/FgHbPfnBU2">pic.twitter.com/FgHbPfnBU2</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1762237651141140709?ref_src=twsrc%5Etfw">February 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
With just three sessions to go for February to end, the S&amp;P 500 is up 4.62%, adding onto the 1.59% gain in January.
Futures Today
 Futures Performance On Tuesday ( as of 5:30 a.m. ET)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.17%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.09%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.04%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.25%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Tuesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.11% to $506.55 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.22% to $437.52, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
The Commerce Department is due to release its durables goods orders report for January at 8:30 a.m. ET. Economists, on average, expect durable goods orders to dip 4.9% month-over-month, following December&#8217;s unchanged reading. Core durable goods orders excluding the volatile transportation orders, may have risen 0.2%, slower than the previous month&#8217;s 0.6% growth.
The S&amp;P/Case-Shiller as well as the Federal House Finance Agency will release the results of their separate house price surveys for December at 9 a.m. ET. The S&amp;P/Case-Shiller 20-city composite house price index is expected to increase a seasonally unadjusted 6% in December compared to 5.4% growth in November. FHFA&#8217;s house price index is expected to increase at a stable monthly rate of 0.3%.
Fed Vice Chair for Supervision Michael Barr is scheduled to speak at 9:05 a.m. ET.
The Conference Board is due to release its consumer confidence index for February at 10 a.m. ET, with economists, on average, estimating a reading of 115.1, up slightly from January&#8217;s 114.8.
See Also:<a href="https://www.benzinga.com/money/best-futures-brokers"> Best Futures Brokers</a>
Stocks In Focus:
<ul>
<li>Zoom Video Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) climbed nearly 12% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s earnings announcement.</li>
<li>Other stocks moving on earnings are CarGurus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARG#NASDAQ">CARG</a>) (down about 13%), Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) (down over 7%), CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) (up about 9%) and Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) (down about 15.50%).</li>
<li>American Tower Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>), AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>), Cracker Barrel Old Country Store, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>), The J. M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>), Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>), Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) and Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) are among the notable <a href="https://www.benzinga.com/calendars/earnings">companies due to release their quarterly results ahead of the market open.</a></li>
<li>Those reporting after the close include Agilent Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/A#NYSE">A</a>), Ambarella, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>), Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>), eBay, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), Devon Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), Splunk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPLK#NASDAQ">SPLK</a>), Virgin Galactic Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>) and Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>).</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures slipped 0.04% to $77.55 in early European session on Tuesday after rallying 1.49% on Monday. The benchmark 10-year Treasury note edged down 0.031 percentage points at 4.268%. 
In Asia, Hong Kong and Chinese markets ended solidly higher, while the sentiment across the rest of the major markets was muted. European stocks held up in early trading, with Germany&#8217;s DAX leading the gains. 
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37328246/this-is-bidenomics-peter-schiff-says-cereal-for-dinner-trend-noted-by-kellogg-ceo-e">&#8216;This Is Bidenomics:&#8217; Peter Schiff Says Cereal-For-Dinner Trend Noted By Kellogg CEO Echoes &#8216;Jimmy Carter Days&#8217; Of Sweater-Wearing Amid High Heating Bills</a>
Photo by Tada Images on Shutterstock

Nasdaq, S&P 500 Futures Grind Higher After Pause, Bitcoin Tops $56K: Analyst Spotlights 'Big Takeaway' That Augurs Well For Market

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SOUN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/23/24</td>
<td>$4.00</td>
<td>$30.5K</td>
<td>5.9K</td>
<td>5.3K</td>
</tr>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/23/24</td>
<td>$750.00</td>
<td>$30.1K</td>
<td>7.3K</td>
<td>5.3K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$180.00</td>
<td>$159.1K</td>
<td>16.0K</td>
<td>5.2K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$25.00</td>
<td>$114.5K</td>
<td>318</td>
<td>3.8K</td>
</tr>
<tr>
<td>AMBA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/15/24</td>
<td>$60.00</td>
<td>$51.5K</td>
<td>61</td>
<td>2.5K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/16/24</td>
<td>$880.00</td>
<td>$25.6K</td>
<td>632</td>
<td>2.0K</td>
</tr>
<tr>
<td>ADBE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/16/24</td>
<td>$570.00</td>
<td>$26.5K</td>
<td>2.1K</td>
<td>1.4K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/23/24</td>
<td>$20.00</td>
<td>$29.0K</td>
<td>1.6K</td>
<td>1.4K</td>
</tr>
<tr>
<td>GLW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/16/24</td>
<td>$30.00</td>
<td>$64.4K</td>
<td>1.9K</td>
<td>887</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/23/24</td>
<td>$650.00</td>
<td>$28.7K</td>
<td>443</td>
<td>313</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding SOUN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>), we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on February 23, 2024. Parties traded 610 contract(s) at a $4.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $30.5K, with a price of $50.0 per contract. There were 5972 open contracts at this strike prior to today, and today 5354 contract(s) were bought and sold. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option trade that happens to be bullish, expiring in 7 day(s) on February 23, 2024. This event was a transfer of 8 contract(s) at a $750.00 strike. The total cost received by the writing party (or parties) was $30.1K, with a price of $3765.0 per contract. There were 7365 open contracts at this strike prior to today, and today 5321 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bearish, expiring in 28 day(s) on March 15, 2024. This event was a transfer of 200 contract(s) at a $180.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $159.1K, with a price of $795.0 per contract. There were 16053 open contracts at this strike prior to today, and today 5298 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option trade that happens to be bullish, expiring in 217 day(s) on September 20, 2024. This event was a transfer of 100 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $114.5K, with a price of $1145.0 per contract. There were 318 open contracts at this strike prior to today, and today 3838 contract(s) were bought and sold. 
• For AMBA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>), we notice a put option sweep that happens to be bullish, expiring in 28 day(s) on March 15, 2024. This event was a transfer of 66 contract(s) at a $60.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $51.5K, with a price of $780.0 per contract. There were 61 open contracts at this strike prior to today, and today 2557 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 13 contract(s) at a $880.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.6K, with a price of $1980.0 per contract. There were 632 open contracts at this strike prior to today, and today 2021 contract(s) were bought and sold. 
• For ADBE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>), we notice a put option trade that happens to be bearish, is expiring today. Parties traded 25 contract(s) at a $570.00 strike. The total cost received by the writing party (or parties) was $26.5K, with a price of $1060.0 per contract. There were 2128 open contracts at this strike prior to today, and today 1421 contract(s) were bought and sold. 
• For CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on February 23, 2024. This event was a transfer of 415 contract(s) at a $20.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $70.0 per contract. There were 1665 open contracts at this strike prior to today, and today 1400 contract(s) were bought and sold. 
• For GLW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 300 contract(s) at a $30.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $64.4K, with a price of $215.0 per contract. There were 1915 open contracts at this strike prior to today, and today 887 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a put option sweep that happens to be bullish, expiring in 7 day(s) on February 23, 2024. This event was a transfer of 25 contract(s) at a $650.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $1160.0 per contract. There were 443 open contracts at this strike prior to today, and today 313 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ADBE

CLSK

MSTR

NVDA

SMCI

SOUN

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MCHP

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Self-driving cars are hitting the roads, creating a big opportunity for autonomous driving stocks.



Mercedes-Benz&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/mbgyy-stock-quote/">MBGYY</a>) just became the&nbsp;<a href="https://mashable.com/article/mercedes-benz-level-3-autonomy">first automaker to sell Level 3 autonomous cars</a> in the U.S. And it doesn&rsquo;t need a driver to watch the road.&nbsp;



Level 3 refers to different stages of driving automation. Levels 0, 1 and 2 refer to driver support features, which can steer, accelerate and brake. However, a driver must constantly supervise and take over when needed.&nbsp;



WithLevels 3, 4 and 5, a driver is not driving when automated driving features are on. That&rsquo;s even if you are in the driver&rsquo;s seat. With Level 3, though, when requested by the features, you have to take control of the car. With Levels 4 and 5, automated driving features will not require you to take over,&nbsp;<a href="https://www.sae.org/blog/sae-j3016-update">as noted by SAE International</a>.



One of the biggest reasons&nbsp;Tesla&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) isn&rsquo;t at a Level 3 is because, according to The Verge,&nbsp;<a href="https://www.theverge.com/2024/4/26/24141361/tesla-autopilot-fsd-nhtsa-investigation-report-crash-death">its self-driving cars have been linked to hundreds of crashes</a> and deaths.&nbsp;<a href="https://www.cnbc.com/2024/04/26/tesla-autopilot-linked-to-hundreds-of-collisions-has-critical-safety-gap-nhtsa.html">As noted by CNBC</a>, &ldquo;Tesla&rsquo;s Autopilot design has &lsquo;led to foreseeable misuse and avoidable crashes,&rsquo; the National Highway Traffic Safety Administration (NHTSA) report said. The system did not &ldquo;sufficiently ensure driver attention and appropriate use.&rdquo;



Meanwhile, it was just reported that a self-driving&nbsp;Waymo&nbsp;<a href="https://futurism.com/self-driving-waymo-wrong-side-street">taxi was seen driving down the wrong side of the road.</a>



While Waymo and Tesla still have a lot of work to do, Mercedes-Benz seems to be off to a good start, which could help fuel upside potential for other autonomous driving stocks.



<h2>Nvidia (NVDA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/nvda1600-7-300x169.png" alt="In this photo illustration, a woman holds a smartphone with the Nvidia Corporation (NVDA) logo displayed on the screen"><div>Source: rafapress / Shutterstock.com</div></div>The 800-pound gorilla of the tech sector is a big part of the autonomous driving boom.



According to Nvidia&rsquo;s&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) CFO Collette Kress,&nbsp;&ldquo;nearly every automotive company working on AI is working with Nvidia,&rdquo;&nbsp;<a href="https://qz.com/nvidia-says-its-steering-self-driving-cars-into-the-fut-1851276849">as quoted by QZ.com</a>.&nbsp;



Nvidia is also working with <a href="https://qz.com/nvidia-says-its-steering-self-driving-cars-into-the-fut-1851276849">hundreds of auto companies</a>, including carmakers, truck makers and robotaxis. That includes Mercedes,&nbsp;Volvo&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/vlvly-stock-quote/">VLVLY</a>) and&nbsp;Hyundai (OTCMKTS:<a href="https://investorplace.com/stock-quotes/hymtf-stock-quote/">HYMTF</a>). Even Tesla was a big client in 2023, buying H100 GPUs.



Granted, NVDA is an $877 stock at the moment but it&rsquo;s still a bargain. Some analysts say it could fly well above $1,000 near term.&nbsp;<a href="https://finance.yahoo.com/video/loop-capital-initiates-nvidia-coverage-155832622.html">Loop Capital, for example, says NVDA could test $1,200</a>, noting that company earnings will significantly beat estimates this year. The firm also has a buy rating on the stock. Even Oppenheimer analysts raised their price target to $850, citing growth from its data center revenue.&nbsp;



Every pullback in NVDA is a buying opportunity.



<h2>Ambarella (AMBA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/autonomous-driving-self-driving-av-stocks-1600-300x169.jpg" alt='Autonomous Driving Stocks, A finger hovering over an "autonomous drive" button.'><div>Source: Olivier Le Moal / Shutterstock.com</div></div>We can also look at beaten-down, oversold shares of&nbsp;Ambarella&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/amba-stock-quote/">AMBA</a>), another one of the top autonomous driving stocks.



After dropping on earnings, the stock is now oversold and is attempting to pivot higher. It&rsquo;s also over-extended on RSI, MACD, and Williams&rsquo; %R. Better, if you look at a two-year chart of AMBA, you&rsquo;ll see that each time those three indicators align in oversold territory. And just as they&rsquo;re doing now, the stock tends to bounce back. It&rsquo;s happened about eight times since 2022.



With negativity now priced into AMBA stock, I&rsquo;d like to see it retest $65 again near term. Helping, the company just announced a strategic deal focused on advanced mobility systems.



<a href="https://investor.ambarella.com/news-releases/news-release-details/sany-group-and-ambarella-announce-strategic-cooperation">As noted in a recent press release</a>, SANY&nbsp;Group &ldquo;agreed to leverage Ambarella&rsquo;s powerful CV3-AD family of automotive AI domain controller systems-on-chip (SoCs) to develop advanced automated driving solutions, and to achieve technical validation and deployment on its next-gen commercial vehicles and special-purpose vehicles.&rdquo;



Kodiak Robotics&nbsp;also noted that its&nbsp;next-generation self-driving truck platform will use Ambarella&rsquo;s CV3-AD685 SoC to &ldquo;<a href="https://www.ambarella.com/news/kodiak-robotics-selects-ambarella-ai-domain-controller-soc-for-next-generation-autonomous-trucks/#:~:text=Designed%20with%20Ambarella's%20%E2%80%9Calgorithm%20first,wide%20variety%20of%20environmental%20conditions.">provide a high-performance compute solution</a>&nbsp;in the smallest form factor, which enables Kodiak&rsquo;s modular autonomous vehicle platform hardware across a wide variety of environmental conditions,&rdquo; as noted in an AMBA press release.



<h2>Global X Autonomous &amp; Electric Vehicles ETF (DRIV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/autonomouscar1600b-300x169.jpg" alt="A young woman reads a book while behind the wheel of a self-driving car."><div>Source: Shutterstock</div></div>Or, if you want greater exposure autonomous and electric vehicle (EV) stocks at less cost, look at the&nbsp;Global X Autonomous &amp; Electric Vehicles ETF&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/driv-stock-quote/">DRIV</a>).



With an expense ratio of 0.68%, the ETF currently&nbsp;invests in 45 stocks involved in the development of autonomous vehicle technology, electric vehicles and EV components and materials.&nbsp;Some of its top holdings include&nbsp;Nvidia,&nbsp;Toyota Motor&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/tm-stock-quote/">TM</a>),&nbsp;Microsoft&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>), Tesla, and&nbsp;Apple&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>) to name a few.



At less than $24 a share, the DRIV ETF has been trending higher since bottoming out at around $23 a share. From its current price of $23.27, I&rsquo;d like to see it retest $27.50 near term. What&rsquo;s nice about the ETF is that I can buy 100 shares of it for about $2,327. Meanwhile, if I were to buy 100 shares of just one of its holdings, such as TSLA, it would cost me close to $16,830.



On the date of publication, Ian Cooper&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-autonomous-driving-stocks-with-the-potential-to-make-you-an-overnight-millionaire/">3 Autonomous Driving Stocks with the Potential to Make You an Overnight Millionaire</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Autonomous Driving Stocks with the Potential to Make You an Overnight Millionaire

Neusoft Reach, Ambarella forge strategic partnership

AAPL

DRIV

HYMTF

MBGYY

MSFT

NXDCF

NXPI

PRFT

TSLA

VLVLY

Press Releases

General

Quanta and Ambarella Expand Strategic Partnership to Innovate Broader Range of Cutting-Edge AI Solutions

e-con Systems Launches Robotics Computing Platform During CES; Partners With Ambarella for Industrial AMR and Outdoor Robots

Ambarella Announces Fourth Quarter and Fiscal Year 2024 Earnings Conference Call to be Held February 27, 2024

Ambarella, Inc. Announces Fourth Quarter and Fiscal Year 2024 Financial Results

Ambarella's Latest 5nm AI SoC Family Runs Vision-Language Models and AI-Based Image Processing With Industry's Lowest Power Consumption

Commodities

SANY Accelerates Transition to Clean Energy in The Industry 4.0 Era with Intelligent and Low-Carbon Development Strategy

Neusoft Reach and Ambarella Forge Strategic Partnership to Drive Advancements in Autonomous Driving and Intelligent Automotive Technology

Allegro MicroSystems, Inc. - Common Stock

Allegro Microsystems

Alpha and Omega Semiconductor Limited - Common Shares

Alpha & Omega

CEVA

Credo Technology Group Holding Ltd - Ordinary Shares

Credo Technology Group

Cirrus Logic

Canadian Solar

Diodes

Himax Technologies, Inc. - American depositary shares, each of which represents two ordinary shares.

Himax Techs

Intchains Group Limited - American Depositary Shares

Intchains Gr

ChipMOS TECHNOLOGIES INC. - American Depositary Shares

ChipMOS TECHNOLOGIES

indie Semiconductor, Inc. - Class A Common Stock

Indie Semiconductor

JinkoSolar Holding Company Limited American Depositary Shares (each representing 4 Common Shares)

JinkoSolar Holding Co

MaxLinear

Navitas Semiconductor Corporation - Common Stock

Navitas Semiconductor

Impinj

Power Integrations

SMART Global Holdings, Inc. - Ordinary Shares

SMART Glb Hldgs

Silicon Motion Technology Corporation - American Depositary Shares, each representing four ordinary shares

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Ambarella Stock (NASDAQ:AMBA), Short Interest Report

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