Ambarella‘s (NASDAQ: AMBA) stock market resurgence has come to an abrupt halt, after Pacific Crest Securities noted that the company could lose business from one of its major customers. Analysts Brad Erickson and Elliot Arnson, believing the camera and video-chip specialist could lose its place in the drones made by Chinese company DJI, downgraded the stock to “sector weight” from “overweight.”
But can Ambarella bounce back from this downgrade and the potential customer loss? Here’s what investors need to know.
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