Mobileye Q2: Almost There, But Mid-Term Uncertainty Is Still Too High

gremlin Mobileye (NASDAQ:MBLY) reported its Q2 2024 results on August 1, beating expectations on EPS and revenue. Despite this seemingly better-than-expected performance, the stock nosedived almost 25% and is now down more than 60% this year. While there were some significant improvements in certain aspects compared to Q1, there are still too many uncertainties that might lead to the company's underperformance in the mid-term, especially in Mobileye's biggest market, China. Therefore, the stock remains a Ho ...