Mobileye Is Laying Off Staff. Is It Game Over for the Self-Driving Car Stock?
Mobileye (MBLY) is an advanced driver-assistance system (ADAS) and autonomous driving (AV) company. It has its own hardware, like the EyeQ system-on-chip (SoC). It has been quite a rollercoaster for the market. Mobileye first went public in 2014 and became the largest Israeli IPO in U.S. history before being acquired by Intel (INTC) in 2017 for 45 but then traded sideways throughout 2023 before taking a ...