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This Autonomous Driving Chip Company Owned Mainly by Intel Just Plummeted -- Is It Time to Buy?

Mobileye stock dropped over 25% on Thursday after the company shared weaker-than-expected preliminary results.

By Jose Najarro – Updated Jan 5, 2024 at 8:37AM EST

In today's video, I discuss recent updates affecting Mobileye (MBLY 0.46%). Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of Jan. 4, 2024. The video was published on Jan. 4, 2024.

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About the Author

Jose Najarro
Jose Najarro enjoys investing in the tech market, more importantly, the semiconductor sector. Before partnering with the Fool, Jose worked as a Senior Electrical Engineer for General Dynamics, where he had first-hand experience seeing how emerging technology can change the world. Jose Najarro went to NJIT, receiving his Bachelor's and Master's degree in Electrical Engineering.
TMFJoseNajarro
X@_JoseNajarro

Jose Najarro has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Texas Instruments. The Motley Fool recommends Intel, Mobileye Global, and NXP Semiconductors and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy.Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Mobileye Global Stock Quote
Mobileye Global
NASDAQ: MBLY
$8.70
(-0.40%)-$0.04
Texas Instruments Stock Quote
Texas Instruments
NASDAQ: TXN
$281.08
(+4.41%)+$11.86
Intel Stock Quote
Intel
NASDAQ: INTC
$94.48
(-0.28%)-$0.27
NXP Semiconductors Stock Quote
NXP Semiconductors
NASDAQ: NXPI
$293.59
(+1.50%)+$4.34

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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