Key PointsMobileye is the leading producer of advanced driver assistance systems (ADAS) commanding a 65% to 70% market share of the industry.Mobileye’s ADAS system-on-a-chip (SoC) units are installed in over 125 million vehicles worldwide.Inventory glut with its Tier 1 auto manufacturers prompted Mobileye to cut its 2024 forecasts mostly impacting Q1 2024 as normal levels should return by years end.5 stocks we like better than Mobileye GlobalAdvanced driver assistance systems (ADAS) and autonomous driving t ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Mobileye Global (MBLY) . This company, which is in the Zacks Automotive - Original Equipment industry, shows potential for another earnings beat.This maker of driver-assistance systems and autonomous driving technologies has an established record of topping earnings estimates, especially when looking at the previous two report ...

Mobileye's (MBLY 4.53%) stock plunged 25% on Jan. 4, after the automotive chipmaker posted its preliminary full-year results for 2023 and outlook for 2024.For the full year, it expects its revenue to rise 11% as its adjusted operating income grows 0%-1%. That matched the chipmaker's most recent outlook, which called for 10%-12% revenue growth and a 7% decline to 1% growth in adjusted operating income, but it had already reduced its top-line guidance throughout 2023. But for 2024, Mobileye expects to generat ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

Hedge fund manager Tom Hayes has taken a clear view on Mobileye , which on Thursday saw its share price plunge 25%, in turning his nose up at the prospect of investing in the Intel spinoff by stating that he refuses to go “dumpster diving.” Hayes, who founded New York investment fund Great Hill Capital in 2015, entirely disregarded the possibility of buying shares in Mobileye MBLY, -24.55%, as he described the self-driving vehicle company as the “poster child of the last hype cycle before AI.” “I’m not goin ...

The future of Mobileye Global (NASDAQ:MBLY) is looking increasingly questionable. Demand for self-driving vehicle technology isn’t expected to slow down in 2024 as the driverless race picks up steam. But the Israel-based company recently issued some less-than-ideal news. It warned investors that it expects to see customer orders for the chips it produces decrease by fairly significant margins during Q1 2024. MBLY stock has been falling since the news broke and is currently down more than 25% for the day as ...

Shares of autonomous driving solutions provider Mobileye (MBLY -25.62%) plunged 25.6% in Thursday trading, as of 3:20 p.m. ET.The company, which is 88% owned by Intel (INTC -0.13%) but also has publicly traded shares on the Nasdaq, issued a press release this morning, saying that 2024 could be a very tough year.The "bullwhip" comes for auto chip manufacturersThe semiconductor sector is notoriously cyclical and follows a pattern that seems to repeat itself no matter how experienced these chip companies becom ...

Mobileye, a maker of chips for driver-assistance features, is warning of a coming drop in sales and earnings. Photo: patrick t. fallon/Agence France-Presse/Getty ImagesSome collisions are hard to avoid—even when you see them coming. The severe shortages in automotive chips caused by the onset of the Covid pandemic in 2020 have continued to reverberate. Those shortages helped elevate chip-industry revenue over the past three years, as automakers and their top suppliers sought to build up inventory to avoid b ...

Key TakeawaysMobileye Global Inc.'s full-year revenue guidance came in well short of analysts' estimates. The company attributed the gap to customers holding on to a backlog of products.The maker of autonomous vehicle technology said that supply-chain issues and lower original equipment manufacturer (OEM) production led customers to stock up.Shares of Mobileye dropped Thursday to their lowest level in a year, losing a quarter of their value by midday.Shares of Mobileye Global Inc. (MBLY) lost a quarter of t ...

Mobileye signage during the company's IPO at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 26, 2022. Mobileye Global Inc., the self-driving technology company owned by Intel Corp., priced one of the biggest US initial public offerings of the year above its marketed range to raise $861 million.Mobileye, the self-driving technology company majority owned by Intel, warned on Thursday that it expected that customer orders would drop off dramatically for the first quarter of 2024.Shares plunged as mu ...