CatalystCorporate
Ambarella gains on report Qualcomm may be interested in takeover
Ambarella gains on report Qualcomm may be interested in takeover.
Context
What happened: Ambarella (AMBA) rose 5.3% after a report that Qualcomm (QCOM) may be interested in a takeover deal.
Key numbers: AMBA rose 5.3%.
Why it matters: Traders cited a Betaville "uncooked" alert circulating Friday, and Qualcomm is speculated to be working with advisers on a possible deal.
What changed
Ambarella (AMBA) rose 5.3% after a report that Qualcomm (QCOM) may be interested in a takeover deal.
Why it matters
Traders cited a Betaville "uncooked" alert circulating Friday, and Qualcomm is speculated to be working with advisers on a possible deal.