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How did Mobileye Global stock move on Wednesday?
Shares of Mobileye Global Inc (NASDAQ Resonance: MBLY) were trading higher on Wednesday on reports that the company won a shipment order for 46 million EyeQ6 Lite assisted driving chips. The chips, which are in high demand in the global market, will be used in cars to be launched in the middle of this year. Nimrod Nehushtan, the company's Executive Vice President of Agriculture for Business Strategy and Development, emphasized that this figure represents orders won so far and is expected to grow and be deployed further in the future.
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