Among our top 2015 stock picks is a red-hot wearable tech company.
That company: Ambarella Inc. (Nasdaq: AMBA). Ambarella stock is one of Money Morning Defense and Tech Specialist Michael A. Robinson's 2015 stocks to buy. He recommended it Aug. 2, 2014 to his Strategic Tech Investor newsletter readers. AMBA surged 77% from then until the end of 2014, from $28.67 to $50.72.
The stock hasn't lost that momentum. It's climbed another 17%, as our 2015 stock picks chart shows below.
Ambarella is a chip maker. Its chip technology can be found security cameras, automotive cameras, and wearable video cameras (think X-games).
The catalyst behind its rise is no secret. AMBA's getting a big lift from a partnership with Google Inc. (Nasdaq: GOOG, GOOGL). The two announced a deal in November.
This deal centers on Google's "Helpouts" service app. "Helpouts" will let teachers, counselors, doctors, home repair specialists, personal trainers, and others to offer their paid or free expertise via real-time online video. Google is tapping Ambarella to provide the chips.
"For a small company like Ambarella - its market cap is a tiny $1.7 billion - hooking up with a heavyweight like Google is incredibly bullish," Robinson said.
Ambarella stock has already been on a tear. But Robinson said this rally still has legs.
"Don't worry; we still see plenty of upside," Robinson said. "It's still not too late to jump aboard."
To see how all of our top 10 2015 stock picks have fared this year, as well as Ambarella, check out the chart below:
Tech Stocks in 2015: The year ahead looks especially bright for wearable tech, so says Robinson. In fact, there are a number of emerging tech trends, innovations, and technologies that will headline an exciting year for tech and with it bring strong growth to the sector. Money Morning Executive Editor Bill Patalon sat down with Robinson recently to discuss his outlook for the sector in 2015. Here's what he had to say...