Mobileye Global is trading 4% down at $8.09 as semiconductor stocks sell off broadly on AI spending concerns and rising competition from China.
- The decline gives back a portion of yesterday’s gains, which were driven by an improved 2026 revenue outlook.
- Market sentiment is weakening ahead of the Federal Reserve's interest rate decision and amid renewed geopolitical tensions in the Middle East.
- Sector-specific ETFs are trading sharply lower as investors pivot away from high-growth tech names.