Ambiq’s stock soars after IPO. Here’s where the company sees its place in the AI boom. - MarketWatch

1. AMBQ opened at $38, rising 78% from its IPO price of $24. 2. Ambiq develops ultra-low-power chips for edge AI applications in smart devices. 3. The edge AI market is projected to hit $22.6 billion by 2028. 4. AMBQ plans to use IPO funds to expand its engineering team. 5. Ambiq's products are used in over 270 million devices globally.