BUZZ-Ambarella surges after report says chip designer explores potential sale
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Shares of chip designer Ambarellajump 16.8% to $60.24 AMBA is considering options including a potential sale, Bloomberg Law reports, citing people familiar with the matterCo has reached out to potential buyers - reportIt could appeal to chip rivals interested in bulking up their automotive portfolio - reportAMBA did not immediately respond to a Reuters request for commentAs of last close, stock down ~29% this year
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