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Ambarella CEO: Edge AI demand expanding in security, automotive, wearables, and other sectors; expects 10%-15% revenue growth in fiscal year 2027.
Ambarella (NASDAQ:AMBA) CEO Fermi Wang stated that demand for edge AI is expanding across security, automotive, consumer video, wearables, and infrastructure, and projected the company's revenue to grow by 10%-15% in fiscal year 2027. He noted that the company's core competency is power efficiency, with the automotive business accounting for approximately 30% of revenue, and the security business remaining the largest market.
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