Out Fox The $treet

  Mobileye Global warns of inventory issues and expects 2024 guidance to fall far short due to excess supplies caused by double EyeQ ordering during Covid. The ADAS chip company guided to 2024 revenues of only $1.9 billion suggesting a bigger problem than the 6 to 7 million excess chip inventory at Tier 1 customers. MBLY stock still trades at an elevated 12x 2024 sales targets despite the 25% dip. Since going public via the spin-off from  Intel Corporation  ( INTC ) in late 2022,  Mobileye Global Inc.  ( NASDAQ: MBLY ) has constantly traded at a premium valuation. The ADAS chip company just announced a  massive warning due to inventory issues at the end of 2023. My  investment thesis  remains Bearish on the stock even after the nearly 25% loss in early trading today, January 4th. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please read the disclaimer page for more details. 

This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »   Update - June 5, 2023 Intel dumping shares should cap the stock in MobilEye following the irrational double top at $46. -Mobileye Global (NASDAQ:MBLY) on Monday announced the commencement of a secondary stock offering of up to 35M of its class A shares by a unit of Intel (INTC). -The Intel (INTC) unit selling the shares in the offering is Intel Overseas Funding Corporation. Update May 25, 2023   The Wells Fargo analyst sounds really bullish, but the price target only offers 25% upside. The better bet is Luminar Tech. ( LAZR )  at these prices. -Mobileye (NASDAQ:MBLY) shares rose more than 4% in pre-market trading on Thursday as Wells Fargo started coverage on the autonomous driving semiconductor company with an overweight rating. -Analyst Aaron Rakers, who also put a per-share price target of $50 on Mobileye (MBLY), noted that the company is ...

  The Mobileye IPO price has been cut by 40% to start. Intel continues to face delays and lower valuations for assets impacting the value of the stock. Investors should avoid the stock until the business has hit rock bottom and an actual turn has occurred. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »   Day after day,  Intel  ( NASDAQ: NASDAQ: INTC ) continues to cut expectations leading to less shareholder value. The latest news has the long expected Mobileye IPO coming out at a much lower valuation leading to less funds raised by the  chip giant. My  investment thesis  remains Bearish on the stock. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details. 

Mobileye easily surpassed Q2 analyst estimates. Ending a partnership with Tesla Motors is a big red flag on whether Mobileye will maintain a technology lead. The stock is richly valued, considering the profit margins are unsustainable due to the low spending levels. The  Q2 results  for  Mobileye (NYSE: MBLY )  were phenomenal on all metrics. The assisted driver technology leader though faces some challenges going forward, especially in relation to stock value. Read the full article on Seeking Alpha.  Disclosure: No position