Mobileye Stock Pops on $900 Million Mentee Acquisition

Mobileye Global Inc (NASDAQ:MBLY) stock was last seen trading near breakeven at $12.18, earlier surging as high as $14.33 after news that the Israel-based autonomous driving company is acquiring humanoid robot startup Mentee in a cash and stock deal worth about $900 million. The merger is expected to close in the first quarter, marking Mobileye's first venture into what it describes as physical AI.MBLY has been rebounding off its Dec. 18, record low of $10.04. Shares are already up 17.4% since the start of ...