Mobileye gets poked on weak forecasts, buying opportunity

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 ...