Intel spun off Mobileye Global late last year, in a move geared toward unlocking value, whereas it autonomous driving technologies are not the chipmaker’s main area of focus.
The stock has advanced since its IPO, but shows volatile intraday trading. At the CES show in Las Vegas recently, Mobileye said it expects to generate $17.5 billion in revenue by 2030.
The company has paying customers, in the form of automakers such as Tesla, Lucid, Volkswagen and others that are using some of the company’s technologies. Fully hands-free driving for consumer use is still years away, but is this a stock you should consider getting into early?
Kate’s MarketBeat story: https://www.marketbeat.com/originals/mobileye-expects-175-billion-future-for-its-driver-assist-tech/
