Mobileye beats quarterly revenue estimates on resilient self-driving chip demand
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Mobileye Global beat Wall Street expectations for third-quarter revenue on Thursday, as automakers ramped up orders of the company's driver-assisted chips in a rush to adopt autonomous software. The company is seeing a surge in demand for its self-driving systems after a prolonged slump as its customers clear inventory. Mobileye's customers had stocked up to avoid a shortage during the pandemic. "Continued auto production stability gives us confidence to again raise our full-year outlook,
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