This wearable AI stock is set to rally thanks to a broader business focus, Jefferies says
Jefferies initiated coverage of Ambiq Micro with a buy rating and $90 price target, citing demand for its chips in wearable AI and its expanding AI compute business. The company expects 51% revenue growth annually from 2025 to 2028 and to break even in 2028. Shares have risen 122% year to date.


