Two leading providers of driver assistance technology have joined forces to combine their expertise for new front-facing camera-based safety systems. Mobileye (MBLY) and Valeo announced a technology cooperation agreement on Wednesday. Under the deal, Valeo will design and make a range of front-facing camera systems and sensor fusion products that use Mobileye’s EyeQ family of microprocessors and computer vision algorithms. The initial products
Connected car stocks have been running hot lately, with all the technology going into new vehicles. That goes for everyone from chipmakers like Ambarella (AMBA), Skyworks Solutions (SWKS), IBD Leaderboard stock NXP Semiconductors (NXPI) and Nvidia (NVDA) to high-end audio brand Harman International Industries (HAR). So what about Mobileye (MBLY), the developer of advanced driver assistance systems (ADAS) that reports fourth-quarter earnings before
Auto technology company Mobileye on Thursday drove home a Q3 earnings report that beat revenue forecasts, announced new customers and raised guidance, but its shares went in reverse. Analysts struggled to explain the stock drop and praised the report. Mobileye (MBLY) rose 6% at the open Thursday, after the report, but quickly reversed and ended the day down 5.7%, at 44.09. “There was nothing negative in the earnings report,”