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Ambarella Inc. (Nasdaq: AMBA), a small-cap leader in video compression and processing technology, is up 75.6% since Jan. 1, 2014, and is set for further gains in 2015.
In 2015 Ambarella will be a great play on the breakout market for wearable technology. Juniper Research forecasts industry sales of $19 billion by 2018. That's a nearly 15-fold increase from 2013, when Berg Insight says sales hit $1.4 billion.
Ambarella is also the brains behind the GoPro Inc. (Nasdaq: GPRO) helmet video camera popular in action sports. But it's no one-trick pony. The Santa Clara, Calif.-based company also supplies chips used in ultra-high-definition television (UHDTV), backup cameras for the "connected car," and web-based video surveillance.