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Why Mobileye Stock Is Heading Downhill Today

TheMotleyFool

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Why Mobileye Stock Is Heading Downhill Today: https://g.foolcdn.com/editorial/images/785521/mbly-polestar4-supervision.png

Shares of Mobileye Global (NASDAQ: MBLY) were trading sharply lower on Thursday, after the company cut its full-year revenue guidance on concerns about demand in China.

As of 10:30 a.m. ET, Mobileye's shares were down about 20.3% from Wednesday's closing price.

A Polestar 4 equipped with Mobileye SuperVision. Mobileye now expects SuperVision shipments to come in lower than expected in the second half of 2024. Image source: Mobileye Global.

Source Fool.com

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