Mobileye’s stock melts down as inventory issues prompt grim revenue warning – MarketWatch
Last updated: January 4, 2024 at 7:40 a.m. ET First Published: January 4, 2024 at 7:18am ET Shares of Mobileye Global Inc. plunged in pre-market trading Thursday after the self-driving technology developer issued a profit warning as customers grappled with excess inventory. Mobileye MBLY expects first-quarter revenue to be down about 50% from $458 million […]