WS #12785
Mobileye stock fell 15% after founder and CEO Amnon Shashua resigned, despite improved Q2 profitability; company valuation down from $39B peak to ~$7.5B. Alphabet reports first-ever negative free cash flow as public firm despite record $112B quarterly profit, largely from paper gains on AI investments; raises questions about AI spending sustainability.
Mobileye CEO Resignation and Stock Plunge
Mobileye stock fell 15% after founder and CEO Amnon Shashua resigned, despite improved Q2 profitability; company valuation down from $39B peak to ~$7.5B.
Alphabet reports first-ever negative free cash flow as public firm despite record $112B quarterly profit, largely from paper gains on AI investments; raises questions about AI spending sustainability.