We recently published a list of These 10 Firms Were Last Week’s Biggest Losers. In this article, we are going to take a look at where Mobileye Global Inc. (NASDAQ:MBLY) stands against other firms that were last week's biggest losers.

Ten companies fell significantly last week, mirroring a broader market downturn, as investors sold off positions following disappointing news and data that weighed heavily on market sentiment.

On Friday, the Dow Jones recorded its largest weekly drop, falling 1.07%, while the S&P’s main index and Nasdaq declined by 0.71% and 0.62%, respectively.

To come up with this week’s top decliners, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A driverless vehicle navigating city traffic, equipped with ADAS and safety features.

Mobileye Global Inc. (NASDAQ:MBLY)

Shares of Mobileye Global Inc. (NASDAQ:MBLY) dived by 22.35 percent last week to $15.65 versus the $20.16 finish the week prior as investor sentiment was weighed down by a lacking presentation at the recently concluded Consumer Electronics Show (CES) 2025 in Las Vegas.

An analyst from Bloomberg Intelligence pointed out that Mobileye CEO Amnon Shashua’s address at the CES show lacked updates on the company’s commercial wins, likely disappointing investors after it unveiled promising driving assistance technology at its capital markets day in December.

Last year, Mobileye Global Inc.’s (NASDAQ:MBLY) stock price lost more than half of its value after sales came under pressure from customers carrying too much inventory amid a broader industry slowdown in self-driving vehicles across China and Europe.

Overall, MBLY ranks 5th on our list of firms that were last week's biggest losers. While we acknowledge the potential of MBLY as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MBLY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.