Investing in Mobileye would be like going ‘dumpster diving,' hedge fund manager says

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 ...