TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

Mobileye Acquires Mentee Robotics In $900 Million Physical AI Bet

Benzinga Logo Benzinga By Lekha Gupta
Mobileye Acquires Mentee Robotics In $900 Million Physical AI Bet

Mobileye Global (NASDAQ: MBLY) stock surged 10.59% in premarket trading after announcing a $900 million acquisition of Mentee Robotics, an AI-first humanoid robotics company. The deal combines Mobileye's autonomous driving expertise with Mentee's humanoid robotics platform, positioning the company as a leader in physical AI. The announcement follows strong Q3 earnings and a major hands-free driving deal with a U.S. automaker.

Insights
MBLY   positive

Stock rose 10.59% on announcement of strategic $900 million acquisition that expands into humanoid robotics, combined with strong Q3 earnings beat, raised FY2025 guidance, and major hands-free driving deal with a U.S. automaker. These developments position the company for growth in the physical AI market.