$30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley

4. Mobileye Global Inc. (NASDAQ:MBLY)

Number of Hedge Fund Investors  in Q1 2024: 34

Mobileye Global Inc. (NASDAQ:MBLY) is an assisted driving platforms company that enables vehicles to sense their environment. An Intel subsidiary, the firm’s products can also be used in the humanoid robotics industry since these devices also have to sense their environment to make decisions and navigate through objects, obstacles, and people. It also enjoys a key competitive advantage in its industry through its SuperVision platform, which allows assisted driving at a whopping 130 kilometers per hour on several different road types and features like evasive maneuvers, autonomous lane changing, and blind spot detection. Like its peers though, Mobileye Global Inc. (NASDAQ:MBLY)’s stock is also vulnerable to economic downtrends, and since it focuses exclusively on assisted driving technologies, any regulatory tightening of this industry could lead to headwinds. Similarly, if assisted driving takes off, then Mobileye Global Inc. (NASDAQ:MBLY) could also ride the wave.

Mobileye Global Inc. (NASDAQ:MBLY)’s management is cognizant of these factors as it shared during the Q2 2024 earnings call:

“Ultimately, Mobileye’s long-term growth outlook hinges on our prospects to lead the path of next generation ADAS and solve autonomy while offering a spectrum of product variants appealing to the broadest audience of car makers possible. As a final topic, I’ll highlight some important details of how the EyeQ6 platform represents a leap forward towards these goals and helps position us as the only company in the world that can support all four consumer vehicles categories and Robotaxis as well. As the global OEMs are emerging from a major replanning process, combustion engines versus EV, China versus non-China, buy versus build for autonomy, we are seeing increased clarity on future ADAS and AV segmentation around four distinct categories. Number one, emerging market ADAS as the future growth driver for the 25 million or so vehicles sold today that don’t have any ADAS.

These systems will require lower price for less functionality, yet with high performance, which is where we excel. Number two, developed market ADAS. Recent guidance on future regulations continue to push the envelope on performance, which is a significant positive for us. It’s a key factor in the success of EyeQ6 Lite, which has already been nominated for 50 million units of future business, is involved in many current RFQs and is in — and is progressing towards design wins across all major customers.”