Mobileye’s supply glut warning rattles auto chip stocks – ET Auto
Baua Electric
JANUARY 4, 2024
(Reuters) Self-driving technology company Mobileye Global warned on Thursday that a pullback in orders from customers clearing excess inventory will batter its results this year, sparking a selloff in the shares of auto chip suppliers. Shares of the Israel-based company, whose customers include Volkswagen and Porsche, tumbled 28.2%
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