AMBA Stock Rockets 18% On NXP Buyout Talks For Self-Driving Chip Maker
Shares of Ambarella (AMBA) jumped nearly 18% on Friday, on track to clock its best day in a month, after reports that NXP Semiconductors (NXPI) is in talks to buy the company.Nasdaq-listed shares of NXP, however, fell 5% at the time of writing.The Potential DealNXP, the Netherlands-based large chip…