Is Mobileye Stock a Buy Now?
Mobileye (NASDAQ: MBLY) went public again on Oct. 26 after spending the past five years as a subsidiary of Intel (NASDAQ: INTC). The Israeli developer of advanced driver assistance systems (ADAS) and computer vision chips listed its shares at $21, and its stock started trading at $28.25. But is its stock a worthwhile investment in this tough market for chip stocks?
Mobileye controls about 70% of the ADAS market. These systems use sensors and cameras to detect hazards while driving and parking a vehicle. They can also be used to adjust a vehicle's speed with adaptive cruise control, keep it centered in a single lane, monitor tire pressure, track blind spots, and even analyze the driver's eye movements for sleepiness.
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Source Fool.com
