Mobileye's EyeQ6 Lite Chip Boosts Stock as Company Secures Massive Orders

Mobileye Global Inc. reports significant demand for its new EyeQ6 Lite assisted-driving chips, with 46 million units ordered, driving stock prices up.

• Mobileye Global shares surged following the announcement of 46 million orders for its EyeQ6 Lite assisted-driving chips.
• The EyeQ6 Lite chip, designed for mass-market vehicles, will be installed in cars launching mid-year.
• The chip features advanced capabilities like reading road signs and offers a significant computing power upgrade.
• Despite recent gains, Mobileye's stock has seen a nearly 25% decline since the start of 2024.
• Mobileye's EyeQ6 High chip is set for volume production early next year, promising further technological advancements.

3 Articles

Investopedia Benzinga CNA