Intel Corp Stock Price, News & Analysis

Mobileye has released an updated press kit featuring new multimedia assets showcasing its autonomous driving technologies and global operations. The kit includes high-resolution photos, infographics, and b-roll footage of their EyeQ System-on-Chip (SoC), SuperVision™ driver assistance system, and autonomous test fleets. The visual materials highlight Mobileye's headquarters, production vehicles, and various technological solutions including Road Experience Management™ (REM), Cloud-Enhanced Driver-Assist™, and the DXP platform. By the end of 2023, approximately 190 million vehicles worldwide have been equipped with Mobileye technology.

Mobileye (MBLY) has released its first Sustainability Report for 2023, highlighting its ESG initiatives and commitment to transportation safety. Key achievements include obtaining LEED Platinum Certification for its Jerusalem headquarters and deploying EyeQ™ system-on-chip in approximately 170 million vehicles worldwide. The company allocated $1.2 million to non-profit organizations and recycled 28 tons of material, with electronic waste making up 63% of diverted materials.

The report outlines Mobileye's focus on quality, product stewardship, privacy protection, and community well-being. Since its 1999 founding, the company has expanded its presence to six countries, offering Advanced Driver Assistance Systems (ADAS) and autonomous vehicle solutions to enhance road safety and improve driver experiences.

Intel has announced upcoming executive participation in two major investor conferences. Naga Chandrasekaran, executive vice president and chief global operations officer, will discuss Intel's business and foundry strategy at the UBS Global Technology Conference on December 4 at 12:35 PM PST. David Zinsner, executive vice president and CFO, will present Intel's business and financial strategy at the Barclays Global Technology Conference on December 12 at 8:40 AM PST. Both events will be available via live webcasts and replays on Intel's Investor Relations website.

Mobileye Global (Nasdaq: MBLY) announces its Capital Markets Day scheduled for December 9th and 10th, 2024, in Munich, Germany. The event will showcase real-world demonstrations of EyeQ®5-based SuperVision™ in production vehicles and Drive™ system in robotaxis. The program includes in-depth presentations on self-driving technology, EyeQ®6 High updates, and progress reports on SuperVision, Chauffeur™ and Drive production programs.

Due to vehicle demo ride constraints, identical sessions will run over two days. While space is , interested parties can email investors@mobileye.com by November 12th. A live video webcast will be available for the December 9th session, with an archived replay provided afterward.

Mobileye Global (Nasdaq: MBLY) has announced its participation in two major investor conferences in Q4 2024: the Baird 2024 Global Industrial Conference on November 14, and the Barclays 15th Annual Global Automotive and Mobility Tech Conference on November 21. The company plans to webcast its fireside chats when possible, with exact timing to be announced later. Interested parties can access the webcasts through Mobileye's investor relations website.

Lyft and Mobileye have announced a strategic alliance to accelerate autonomous vehicle (AV) commercialization. The partnership will combine Lyft's network of 40 million annual riders with Mobileye's AV technology to create a seamless demand platform for Mobileye Drive™-based AV fleets.

Future AV operators will be able to purchase 'Lyft-ready' vehicles equipped with Mobileye Drive technology and access Lyft's rider demand to optimize fleet utilization. The collaboration will leverage Mobileye's cloud-based AV demand technology and Lyft's AV Partner APIs to monetize AV fleets, aiming to provide faster and broader AV availability to users.

Intel reported Q3 2024 revenue of $13.3 billion, down 6% year-over-year, with a GAAP loss per share of $(3.88) and non-GAAP loss of $(0.46). Results were impacted by $15.9 billion in impairment charges and $2.8 billion in restructuring charges. The company is progressing on its $10 billion cost reduction plan for 2025. Client Computing Group revenue declined 7% to $7.3 billion, while Data Center and AI grew 9% to $3.3 billion. For Q4 2024, Intel forecasts revenue between $13.3-14.3 billion with expected GAAP EPS of $(0.24) and non-GAAP EPS of $0.12.

Mobileye (MBLY) reported Q3 2024 financial results with revenue of $486 million, marking an 8% year-over-year decrease primarily due to a 9% reduction in EyeQ volumes. The company maintained its full-year 2024 revenue guidance. Q3 GAAP EPS was $(3.35), impacted by a non-cash goodwill impairment loss of $2,613 million, while Adjusted EPS was $0.10. The company generated $196 million in operating cash flow for the first nine months of 2024. Despite near-term challenges, Mobileye continues to focus on strategic objectives, including maintaining ADAS market position outside China and deepening relationships with top customers through advanced product design wins.

Intel (INTC) and AMD have announced the formation of an x86 ecosystem advisory group to shape the future of computing architecture. The group aims to enhance compatibility, simplify software development, and identify architectural needs for innovative solutions. Key tech leaders including Broadcom, Dell, Google, HPE, HP Inc., Lenovo, Meta, Microsoft, Oracle, and Red Hat have joined as founding members.

The initiative seeks to expand the x86 ecosystem by enabling cross-platform compatibility and providing developers with a platform to create scalable solutions. The group will focus on unifying instruction sets and architectural interfaces to enhance compatibility and consistency across x86 product offerings. This collaboration is expected to benefit customers by accelerating the adoption of new features and simplifying architectural guidelines.