Autonomous Vehicle Business Gets Lift On Recent Wave Of Upbeat News -- Market Talk

Dow Jones

2024/11/08

1555 ET - Mobileye Global should benefit from rising investor excitement over autonomous vehicles, according to UBS in a research note. The analysts say the company recently launched a partnership with Lyft to help put vehicles using its AV technology on the Lyft network in North America. UBS believes that this announcement along with Tesla's robo-taxi event, Waymo's recent fund raising valuing the company at $45 billion, Zoox rolling out robotaxis in San Francisco and L.A., and Wayve raising a Series C and collaborating with Uber, puts the entire autonomous vehicle industry in a stronger position. Mobileye Global rises 7.5%, with Lyft surging 22% on a 3Q sales beat. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

November 07, 2024 15:55 ET (20:55 GMT)

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