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The substantial earnings beat and raised guidance suggest strong demand and operational execution. Historical examples show similar post-earnings surges led to sustained price increases.
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Ambarella stock surged 20% after better-than-expected Q2 results. Q2 earnings per share were 15 cents, surpassing expectations of 5 cents. Revenue projections for Q3 are between $100-$108 million, exceeding estimates. Fiscal year revenue growth outlook raised to 31-35%, far above prior expectations. CEO mentions strong performance in edge AI and portable video applications.
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