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Can Mobileye Extend Its Auto Software Dominance Into Driverless Cars?

News Snapshot:

Mobileye Global's (MBLY) second act as a public company differs from its first run in a key way, with co-founder Amnon Shashua now in the driver's seat. And investors seem impressed as Mobileye stock is on the move. X The Israeli company already is the dominant supplier of camera-based technologies used in automotive driver assistance systems. But Mobileye aims to be a big player in the autonomous vehicle market even though broad deployment of driverless cars remains years away. For now, Mobileye's safety-based driver assistance products are already generating significant revenue. Further, Mobileye's 2023 revenue is expected to grow 20%…

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