Mobileye’s supply glut warning rattles auto chip stocks – ET Auto
Baua Electric
JANUARY 4, 2024
Shares of the Israel-based company, whose customers include Volkswagen and Porsche, tumbled 28.2% Mobileye forecast preliminary 2024 revenue below estimates showing that the automotive chip industry, which had so far avoided the chip supply glut crisis, will likely face a downturn too. to more than a one-year low of USD 28.52.
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