Mobileye Global Inc. (NASDAQ:MBLY) saw a 6.85% drop on Wednesday, closing at $13.88 per share as the EU decided to partially pause a trade deal with Israel due to the conflict with Palestine. European Commission President Ursula von der Leyen called for the suspension of the free trade agreement without specifying the affected products. MBLY could be at risk if new trade policies impact the automotive industry, with key European customers like Volkswagen, BMW, and Stellantis. In the second quarter, MBLY narrowed its net loss by 22% to $67 million but saw revenues grow by 15.26% to $506 million year-on-year. Consider other AI stocks for higher returns amid uncertainties.

Read more at Yahoo Finance: Mobileye Global (MBLY) Tumbles 6.8% as EU Free Trade Deal Pause With Israel