Mobileye Stock Crashed After Earnings. Is It a Buy?
MBLYMobileye (MBLY) The Motley Fool·2024-08-04 20:13

The next few quarters will clearly be rough for Mobileye. But after that?Shares of Mobileye Global (MBLY -1.97%) had a rough week. The Israeli maker of machine vision and other advanced driver-assist systems for vehicles cut its full-year guidance sharply on Thursday -- and the stock promptly fell by over 20%.That was a huge hit for an important name, raising an obvious question: Is this a buying opportunity?To answer that, let's dig into why Mobileye cut its guidance -- and why the market reacted so strong ...