The Traderszone Network

Published in TZ Latest News 9 June, 2016 by The TZ Newswire Staff

Is GoPro Planning to Ditch Ambarella?

Fairly or unfairly, many investors still see the fates of action-camera maker GoPro (NASDAQ: GPRO) and imaging processor manufacturer Ambarella (NASDAQ: AMBA) as linked. A week ago, Ambarella’s CFO George LaPlante alluded to a strengthening wearables market in the second half of 2016, which immediately boosted GoPro’s stock about 3%.