10 Firms Begin Trading Week With Impressive Gains

7. Mobileye Global Inc. (NASDAQ:MBLY)

Shares of Mobileye grew 11.82 percent on Monday to end at $17.97 apiece as investors cheered news of Lyft’s launching of autonomous robotaxis powered by MBLY as soon as 2026.

Marubeni, a Japanese conglomerate with experience managing fleets, will own and finance the MBLY-equipped vehicles that will show up on Lyft’s ride-hailing app.

According to Lyft executive vice president Jeremy Bird, the company plans to ramp up the release of thousands of vehicles across multiple cities after the Texas debut.

In other news, MBLY also earned an upgrade from Bank of America, raising it to “neutral” from “underperform,” citing reduced downside risks and being buoyed by potential catalysts in 2025.

According to analysts, while earnings growth may take until 2027, MBLY’s upcoming contract wins could support optimistic sentiment toward the company.