We recently published a list of 10 Tech, Energy Stocks Are Wednesday’s Worst Performers. In this article, we are going to take a look at where Mobileye Global Inc. (NASDAQ:MBLY) stands against other tech, energy stocks are Wednesday’s worst performers.
Ten technology and energy companies suffered a bloodbath on Wednesday, primarily due to profit-taking following the previous day’s gains and bearish comments surrounding the progress of quantum computing development.
In this article, we will look at the performance of some of the worst-performing companies and explore the factors behind their decline.
We considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume to come up with Wednesday’s top losers.
A driverless vehicle navigating city traffic, equipped with ADAS and safety features.
Mobileye Global Inc. (NASDAQ:MBLY)
Mobileye Global Inc. (NASDAQ:MBLY) registered a 13.30-percent decline in its share prices on Wednesday, closing the day at $16.95 apiece as investors seemed to have found the company’s presentation at the Consumer Electronics Show (CES) 2025 lacking.
While Mobileye (NASDAQ:MBLY) President and CEO Amnon Shashua shared achievements and vision for the future, Bloomberg Intelligence analyst Jake Silverman said that the presentation failed to deliver updates on new commercial milestones. The lack of updates prompted dampened investor sentiment as traders have hoped for a series of design wins that bolstered enthusiasm in last year’s CES.
“Mobileye’s CES address was lacking commercial progress updates following an eventful capital markets day in December, likely causing the negative stock reaction. The company had announced a slate of design wins at last year’s CES, driving high expectations for similar announcements this year. Technological progress toward eyes-off driving appears on track,” Silverman said.
Overall, MBLY ranks 5th on our list of tech, energy stocks are Wednesday’s worst performers. While we acknowledge the potential of MBLY as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MBLY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.