A pure-play way to bet on the future of self-driving cars

Investors were initially eager to buy shares after Intel spun off its Israel-based autonomous-vehicle company Mobileye Global (MBLY 8.01%) on October 26, 2022.

The stock rose 129% from its initial public offering price of $21 to its 52-week high of $48.11 on Feb. 15, 2023, over investor excitement about the long-term potential of the company’s ongoing development of a fully self-driving car.

https://www.fool.com/investing/2023/05/05/a-pure-play-way-to-bet-on-the-future-of-self-drivi/