Intel CEO Pat Gelsinger Just Bought 3,600 Shares of Mobileye Stock

2024 hasn’t exactly been kind to Mobileye (NASDAQ:MBLY). Earlier this year, Mobileye warned in its preliminary fourth-quarter results that its customers had excess inventory of its EyeQ System-on-Chip (SoC), a chip built for automotive mobility solutions. “Based on our discussions, we understand that much of this excess inventory reflects decisions by Tier 1 customers to build inventory in the Basic ADAS category due to supply chain constraints in 2021 and 2022 and a desire to avoid part shortages, as well ...