Mobileye Shares Surge 26% Higher in March: Positive Industry Conference & Expanded Volkswagen Partnership
Friday, 5 April 2024, 13:07
Mobileye Lands a Big Fish and Confirms Revenue Growth
Mobileye's shares rallied in March following a positive industry conference and an expanded partnership with Volkswagen.
Impacts from the May News Conference
- EyeQ system sales guidance reiterated
- Unit sales expected to double in the second quarter
In addition, Mobileye will collaborate with Volkswagen on commercial vehicle solutions for fully autonomous driving, but faces potential competition from Volkswagen's in-house autonomous software unit, Cariad.
Although uncertainties linger, Mobileye's position as a technology solutions provider to OEMs offers investors an intriguing opportunity in the growing autonomy market.
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