Mobileye (MBLY): “Excess Inventory,” Slashes Guidance

Mobileye (MBLY) slashes guidance citing “excess inventory” in 1Q guidance. Kevin Green discusses this story and looks at other autonomous driving stocks including Aptiv PLC (APTV) and Aurora Innovation (AUR). Wolfe downgraded Mobileye to peer perform from outperform. They analyst notes that Mobileye is “one of the most impressive auto technology suppliers in our universe,” but they see limited upside on valuation. Tune in to find out more about the stock market today.

Morning Trade Live

04 Jan 2024

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