In the Aug. 2 Strategic Tech Investor, we introduced you to a new hot tech stock to buy: a Silicon Valley semiconductor company that is leading the charge into ultra-high-definition (UHD) video.
And we predicted the stock – which Wall Street had yet to discover – would double in less than three years.
It only took five months.
If you didn't pull the trigger on this under-the-radar stock, don't fret: The Wall Street pros are now interested and are saying this stock could double or triple from here.
And we agree.
This microchip player's existing businesses are zooming along at 40% and 50% annual rates. And the firm just announced a pact with Internet-search giant heavyweight Google Inc. (Nasdaq: GOOG), which we'll find out more about at the massive Consumer Electronics Show (CES) opening in Las Vegas Tuesday.
There's an old adage that says you never get a second chance to make a first impression.
And there's an investing parallel: You never get a second chance to get in on a "ground-floor" profit play.
With our UHD-video semiconductor company, you're looking at an all-too-infrequent exception to that rule. We're talking here about a company that's about to become a high-tech star – one of those rare "ground-floor" profit opportunities that can become an honest-to-goodness difference-maker in your life.
And you heard about it here first.
Google "Launched" This Stock
As trade events go, it's hard to beat the impact the Consumer Electronics Show has on the U.S. high-tech sector.
This is where you're guaranteed to see a steady stream of the world's most innovative products – everything from next-generation TVs to self-driving cars to 3D printing.
Indeed, a tech firm that finds itself with a hit product at CES is a lot like an actor or actress getting their "breakout" role in Hollywood.
And the company we recommended to you back in August as one of the best stocks to buy will be unveiling a new "wearable" video camera that it co-developed with Google.
We're talking about the Santa Clara, Calif.-based Ambarella Inc. (Nasdaq: AMBA), whose video-chip technology is finding its way into security cameras, automotive cameras, and the "wearable" video cams the "extreme sports" crowd uses to record their often-breathtaking exploits.
But the deal with Google could shoot Ambarella into an even-higher orbit.
About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.