Why Mobileye Shares Rallied Today

Shares of self-driving technology company Mobileye (MBLY 8.32%) were on the rise on Tuesday, up as much as 13.6%, before settling into a 8% gain as of 2:54 p.m. ET.Mobileye announced an upgraded collaboration with key customer Volkswagen (VWAGY 0.54%), which will implement Mobileye's new Surround ADAS (advanced driver-assistance system) into Volkswagen's MBQ modular vehicle platform for future self-driving use cases.Volkswagen is the second-largest automaker in the world, so the new announcement could perha ...