Mobileye stock rises on plans for robotaxi business

Mobileye stock is experiencing an increase following the announcement of plans to establish a robotaxi business. The company intends to officially launch this new robotaxi venture within the United States next year. This strategic expansion into the autonomous ride-hailing market has positively influenced investor confidence, leading to the rise in share prices as the market anticipates the deployment of their technology in the US market during the upcoming calendar year.