10 Best Debt Free Stocks to Buy Now

6. Mobileye Global Inc. (NASDAQ:MBLY)

Number of Hedge Fund Holdings: 33

Market Capitalization as of January 31: $13.40 Billion

Enterprise Value: $11.98 Billion

Mobileye Global Inc. (NASDAQ:MBLY) is an Israel-based company specializing in autonomous driving and advanced driver-assistance systems (ADAS). The company develops computer vision technology, AI-powered software, and mapping solutions for self-driving vehicles. Mobileye Global Inc. (NASDAQ:MBLY) generates revenue by supplying its technology to automakers such as BMW, Volkswagen, and General Motors.

Mobileye Global Inc. (NASDAQ:MBLY) is committed to maintaining its leadership in ADAS and autonomous driving through continuous innovation. The company has a strong focus on developing highly efficient AI and silicon designs that outperform competing technologies. For example, the company recently developed the EyeQ6 chip, which is 1/4 the size of competing high-performance chips. The company has also recently showcased a transformer architecture that is 100 times more efficient than standard transformers and a purpose-built solution for autonomous driving. These technological advancements not only enhance the performance of Mobileye Global Inc.’s (NASDAQ:MBLY) products but also reduce costs, making advanced driving technologies more accessible to a broader range of vehicles.

Mobileye Global Inc. (NASDAQ:MBLY) is actively working to expand its customer base and increase its market share. The company continues to win new ADAS business with its core customers and is seeing opportunities with new customers, particularly in emerging markets. The company recently secured a multimillion-unit RAM data harvesting and cloud-enhanced driving assist program from a key customer, which strengthened its global data harvesting capabilities. Additionally, Mobileye Global Inc. (NASDAQ:MBLY) is collaborating with an Indian OEM on a REM data harvesting company, which will enable the company to expand its presence in the rapidly growing Indian market.