Intel-Backed Mobileye's Robotaxi Ambitions Just Got Much Bigger

Intel-backed Mobileye Global Inc. (NASDAQ: MBLY ) stock rose Tuesday after the autonomous driving company unveiled plans to move beyond supplying self-driving technology and into operating its own robotaxi business. The gain came despite a broader selloff in technology stocks. The Nasdaq Composite was down 1.36%, the S&P 500 fell 0.31%, and the Technology sector declined 1.9%, making Mobileye one of the day’s relative outperformers. Mobileye Expands Into Robotaxi Operations Mobileye said Tuesday