Fly News Breaks for March 2, 2015
NVDA, FSL, MBLY
Mar 2, 2015 | 13:43 EDT
Wells Fargo says it believes Mobileye (MBLY) shares are trading lower on Freescale's (FSL) announcement of a new vision processor with sensor fusion capabilities that can automate and co-pilot a vehicle. Wells notes Mobileye shares reacted similarly when Nvidia (NVDA) announced its new automotive-grade chip in early January. The firm believes non-traditional chip designers will have a difficult time entering the advanced driver assistance systems supply chain. It sees "significant" upside potential in shares of Mobileye and keeps an Outperform rating on the name. Shares of the ADAS software maker are down 7%, or $2.46, to $33.02 in afternoon trading. Wells points out that despite the announcements of competing products, Mobileye continues to win ADAS contracts.
News For MBLY;FSL;NVDA From the Last 2 Days
NVDA
May 8, 2024 | 08:18 EDT
Foresight Autonomous (FRSX) has announced a major breakthrough with the development of Dragonfly Vision, its cutting-edge 360-degrees 3D perception solution, based on the NVIDIA (NVDA) Jetson AGX Orin platform, designed for power-optimized autonomous machines. By using the NVIDIA Jetson AGX Orin platform, Foresight can create an all-around obstacle detection solution, including the detection of non-classified objects. The NVIDIA Jetson AGX Orin module supports up to six stereo channels to achieve complete coverage around any type of vehicle.
