Mobileye shares fell 5% to $6.59, extending a deep decline this year, while BlackBerry shares rose 3% to $8.88. Mobileye issued no press release alongside the drop, and its business depends on automaker orders for its EyeQ chips, placed program by program and tied to vehicle production schedules. BlackBerry's QNX unit licenses the real-time operating system used in car software, earning development licenses and per-vehicle royalties. The Global X Autonomous & Electric Vehicles ETF fell 0.5% to $29.33 and the SPDR S&P 500 ETF Trust fell 0.4% to $760.81. The article says the bull case for Mobileye rests on its broad automaker base and robotaxi plan, while the bear case centers on near-term chip demand from carmakers.
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