Sure, this isn't living up to earlier estimates, but everyone in this field has been way behind early estimates, often by years. I think Mobileye revenue was up >100% last quarter? Obviously pandemic recovery helps, but even without it, 50+% seems likely.
If they can keep having failures like that, investors are going to be really happy with the outcome.
The entire strategic partnership that caused Intel to buy MobilEye disintegrated and now MobilEye are trying to resurrect it with a Chinese car manufacturer on their own.
>. I think Mobileye revenue was up >100% last quarter?
As I say, they're doing fine. It's nothing like what they promised to do, and the company has restructured in a way that clearly indicates they'll be spun out in the next 24 months (like Mcafee). But the premise of the "big bets" wasn't shuffling at the edges, it was meant to be the future of Intel, and that's clearly failed at this point.
Sure, this isn't living up to earlier estimates, but everyone in this field has been way behind early estimates, often by years. I think Mobileye revenue was up >100% last quarter? Obviously pandemic recovery helps, but even without it, 50+% seems likely.
If they can keep having failures like that, investors are going to be really happy with the outcome.