Prosper Stars & Stripes Exits Ambiq Micro (AMBQ) After Bullish Target Achieved
In its Q2 2026 investor letter, Prosper Stars & Stripes revealed it had closed a position in Ambiq Micro Inc. (NYSE: AMBQ), citing that the stock met its bullish price targets. The fund highlighted Ambiq as one of the top contributors to its long book during the quarter due to strong revenue growth and innovative ultra-low-power semiconductor solutions for edge AI applications. Ambiq's shares gained 74% over the past year, reaching $63.78 on September 9, 2026. The company reported a significant acceleration in sales with Q1 2026 revenue up 59% YoY and guided for further growth of 75% in Q2. Despite its exit from AMBQ, the fund noted increased hedge fund interest in Ambiq Micro, as holdings rose to 43 portfolios by end-Q2. Prosper Stars & Stripes' portfolio delivered a net return of +30.1%, outperforming both the Russell 2000 and HFRX Equity Hedge Indexes for Q2.
Tickers: $AMBQ
Topics: fund performance portfolio holdings stock price movement