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GoPro Sinks on Ambarella Earnings

Ambarella, a key chip supplier for GoPro, offered weak guidance.

by CNBC
Ambarella

Investors use Ambarella as a tell for GoPro, given its role as a key chip supplier for the action camera maker, and Friday they clearly didn’t like what they saw.

Ambarella offered weak guidance driven by disappointing GoPro sales. Its stock closed 1.6 percent lower, while GoPro fell nearly 5 percent.

Read the rest of this post on the original site »

This article originally appeared on Recode.net.

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