MBLY - Better Buy: Mobileye vs. Wolfspeed
2023-08-22 10:07:00 ET
Mobileye Global (NASDAQ: MBLY) and Wolfspeed (NYSE: WOLF) represent two different ways to invest in the development of electric, connected, and driverless vehicles. Mobileye is the world's leading developer of advanced driver assistance systems (ADAS), which help drivers park their cars, stay in the right lane, and use adaptive cruise control features. These systems are powered by its own EyeQ computer vision chips.
Wolfspeed is the world's leading manufacturer of silicon carbide chips, which can operate at higher voltages, temperatures, and frequencies than traditional silicon chips. That resilience makes them well-suited for short-length LEDs, lasers, 5G base stations, and military radars. Wolfspeed also sells silicon carbide materials to electric vehicle (EV) makers for the production of batteries and powertrains.
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Better Buy: Mobileye vs. Wolfspeed