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Mobileye shares drop 5% while BlackBerry gains 3%, reflecting Wall Street's split on car software vs. chips.

Market News
23 Oct 2026
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Neutral
Mobileye shares drop 5% while BlackBerry gains 3%, reflecting Wall Street's split on car software vs. chips.

Mobileye's stock fell 5% amid ongoing losses this year, pressured by concerns over chip demand linked to automaker production schedules. Meanwhile, BlackBerry's shares rose 3%, benefiting from its software licensing model and diversified business beyond automotive. The contrasting moves highlight investor caution about chip-based car tech versus optimism for software-driven solutions. Mobileye's upcoming quarterly report will be crucial to gauge if automaker demand stabilizes or declines further, influencing the stock's near-term direction.

Mobileye trades at USD 6.57 on Pluang, down 5.47% as of Oct 24, 2026 01:02 WIB, near its 52-week low of USD 6.56. BlackBerry is up 3.26% at USD 8.87, with a typical hold time of 51 days. Pluang data shows a higher sell activity for BlackBerry at 69%, reflecting mixed investor sentiment between chip and software stocks.

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