$Ambarella(AMBA.US) rose by over six points; the story of edge AI vision chips is seeing some players front-run amid dual catalysts from robotics and smart driving. $Qualcomm(QCOM.US) and $ON Semiconductor(ON.US) remain stagnant, as both mobile and automotive-grade downstream sectors are still in the final stages of destocking.
Valuation repair for large-cap stocks awaits concrete evidence of downstream restocking. For small-caps like $Ambarella(AMBA.US), it's just about finishing the narrative first 🙄
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