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GoPro Sinks on Ambarella Earnings

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


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.

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