BUZZ-Mobileye falls after founder plans to step down as CEO

Intel Corporation
Mobileye Global, Inc. Class A

Intel Corporation

INTC

0.00

Mobileye Global, Inc. Class A

MBLY

0.00

** Shares of autonomous driving technology company Mobileye Global MBLY.O slip 4.7% to $8.37 premarket

** The company says founder Amnon Shashua plans to step down as CEO once a successor is appointed

** Narrows its 2026 revenue forecast range to $1.97 bln to $2.02 bln, raising the midpoint by $20 mln

** MBLY reports Q2 revenue of $508 mln, beating analysts' avg est of $481.2 mln, according to data compiled by LSEG

** Up to last close, stock has fallen ~16% this year


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