🔴 Mobileye Global is trading 6.9% down amid broad chip selloff after Intel's weak forecast

Mobileye Global is trading 6.9% down now at $5.93 amid a broad semiconductor selloff.

• On October 30, Intel’s weak fourth-quarter forecast intensified concerns about PC demand and AI infrastructure spending; Reuters reported declines across major chipmakers.
• SOXX was down 10.40%, supporting an industry-wide explanation for the move.
• The decline followed the October 29 earnings report, which beat revenue estimates and raised full-year guidance, though revenue fell year over year. No stronger company-specific catalyst was found.