Mobileye: China Demand and Buybacks Lift Q1 Momentum - A Controlled Long for a Mid-Range Rebound
Mobileye's Q1 picture is mixed on headline GAAP noise but strengthened by China OEM demand, a $250M buyback and durable ADAS traction. The trade is a tactical long into mid-term catalysts with a clear stop to limit downside if legacy concerns re-emerge.