Why Mobileye Shares Rocketed More Than 26% Higher in March

The maker of autonomous driving solutions made favorable comments at an industry conference, and announced a high-profile customer win.Shares of autonomous driving software and semiconductor company Mobileye Global (MBLY -2.58%) rallied 26.2% in March, according to data from S&P Global Market Intelligence.Mobileye was perhaps poised for a rally at the beginning of the month. In early January, the company warned that its first-quarter revenue would decline about 50% sequentially, and eventually recover but s ...