Analysts at Oppenheimer provided a review on Ambarella, Inc. (NASDAQ:AMBA) after attending CES 2023 last week. The analysts met with the company’s management and customers to better understand how the current and future generations of CV products will position in consumer and commercial applications.

According to the analysts, CV3 is the star of the show. Originally announced at CES 2022, the company now validates CV3 with multiple partnership announcements and indoor/outdoor demos.

The analysts came away more confident that the company's CV family of SoCs for ADAS/AV/visual processing solutions for the automotive vertical will support major TAM expansion and significant growth in its sales pipeline in the medium and long term.