Results for: Mobileye

Ride-hailing giant Lyft has announced partnerships with Intel’s Mobileye and May Mobility to bring autonomous vehicles to its platform. This move signifies Lyft’s commitment to the future of transportation and positions them as a major player in the burgeoning autonomous ride-hailing market. Starting in Atlanta in 2025, Lyft customers will be able to hail autonomous Toyota Sienna minivans, equipped with May Mobility’s technology. Meanwhile, Lyft will also integrate Mobileye’s self-driving technology into its network, making it accessible to future AV operators across North America.

Lyft, the ride-hailing giant, has announced strategic partnerships with Mobileye and Nexar, aimed at accelerating the adoption of autonomous vehicles (AVs) and offering future autonomous rides through the Lyft app. These partnerships leverage Lyft’s extensive rider network and data expertise to create a seamless ecosystem for AVs, potentially boosting LYFT stock and the broader AV industry.

Mobileye Global Inc (NASDAQ: MBLY) reported a slight revenue decline in its fiscal third quarter of 2024, but still managed to beat analysts’ estimates for both revenue and earnings per share. The company’s adjusted operating margin took a hit due to lower gross margins, and a significant goodwill impairment charge was recorded. Despite these challenges, Mobileye’s CEO remains optimistic about the future, citing strategic objectives focused on expanding their Advanced Driver-Assistance Systems (ADAS) market share.

Mobileye Global Inc. (MBLY) stock surged on Thursday after Intel Corp (INTC) dispelled rumors of selling its majority stake in the Israeli autonomous driving company. Intel’s commitment to Mobileye’s future and its belief in the autonomous driving technology propelled the stock’s significant rise.

Mobileye Global Inc (MBLY) stock experienced a significant jump on Thursday, driven by Intel’s reaffirmation of its majority stake in the company and the U.S. Federal Reserve’s interest rate cut. The news comes amidst Intel’s recent success in securing lucrative chipmaking deals, including a multi-billion-dollar contract with Amazon and funding from the CHIPS and Science Act.

Tencent Music, Mobileye, Rivian, Chipotle, and Lineage were among the top ten worst-performing large-cap stocks last week. Analysts cited various reasons for the decline, including revenue misses, leadership changes, supply chain issues, and price target reductions.