Ambiq Micro—best known for chips that sip power rather than gulp it—has confidentially turned in its paperwork for a New York Stock Exchange debut under the ticker AMBQ. The Austin-based designer notched a 16 % jump in 2024 revenue to $76 million while trimming its net loss to about $40 million, a trajectory that’s tempting investors eager for an AI edge without eye-watering electricity bills.

Management hopes the listing’s proceeds will bankroll fresh product lines, sales muscle, and R&D for its “AI at the edge” silicon, already used by heavyweights like Google and Huawei. Still, Ambiq’s dependence on a handful of marquee customers leaves it exposed to concentration risk—hence the urgency to broaden its roster as the wearable and IoT markets sprint toward low-power inference.

The filing lands as Wall Street re-embraces AI-centric flotations, from enterprise software to wafer-thin semiconductors. Analysts say Ambiq’s pitch—a 2×-to-5× cut in chip power draw—could resonate with data-center operators chasing net-zero targets and gadget makers looking to cram smarter models into wrist-friendly form factors. If the books price well, AMBQ could signal the IPO window is finally creaking open for next-gen chip outfits.