02:13 PM EDT, 06/24/2025 (MT Newswires) -- (Updates with recent stock movement in the headline and first paragraph.)

Ambarella ( AMBA ) shares were up more than 18% after a Bloomberg report said the company is reviewing strategic alternatives, which may include a potential sale.

The chip design company, which has a market value of about $2.3 billion, has reached out to potential buyers, according to the report.

Ambarella ( AMBA ) did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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