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Why Mobileye Shares Rallied Today
Why Mobileye Shares Rallied Today

Yahoo

time27-03-2025

  • Automotive
  • Yahoo

Why Mobileye Shares Rallied Today

Shares of self-driving technology company Mobileye (NASDAQ: MBLY) were on the rise on Tuesday, up as much as 13.6%, before settling into a 8% gain as of 2:54 p.m. ET. Mobileye announced an upgraded collaboration with key customer Volkswagen (OTC: VWAGY), which will implement Mobileye's new Surround ADAS (advanced driver-assistance system) into Volkswagen's MBQ modular vehicle platform for future self-driving use cases. Volkswagen is the second-largest automaker in the world, so the new announcement could perhaps signal the beginning of a recovery for Mobileye after a tough year. Volkswagen has long been a Mobileye customer, but on Tuesday, Volkswagen and Mobileye put out a joint press release describing a new partnership to upgrade Volkswagen's self-driving capabilities in its mass-market vehicles. The partnership also includes self-driving company Valeo, which will be providing sensors and the electronic control unit (ECU). These will integrate with Mobileye's EyeQ6 processor, mapping technologies, and the new Surround ADAS software platform. Volkswagen will be integrating the new technologies to enable Level 2+ self-driving on highways, along with other tech-forward driving features such as traffic jam assist, hazard detection, parking assist, driver monitoring, and 360-degree emergency assist. Importantly, the new integrated system will be a part of the MBQ system, which is the architecture Volkswagen uses for multiple high-volume models. So, Mobileye stands to perhaps benefit from lots of volume as a result of the Surround system adoption. In conjunction with the Volkswagen announcement, Mobileye also published a blog post about Surround ADAS. Surround will integrate advanced features for easier and more intuitive autonomy within lower-priced high-volume vehicles, while Mobileye's SuperVision remains its premium offering for high-end vehicles looking to make the transition to "eyes-off" autonomy. Mobileye just closed out a tough year in which revenue fell 20%, as higher interest rates and economic uncertainty weighed on much of the auto sector. Management does forecast a return to growth in 2025, with the midpoint of 2025 revenue guidance at $1.75 billion. That would mark about 6% growth over 2024, though still well below to $2.08 billion Mobileye made in 2023. That was the projection back in January, at least. Investors will have to see if management ups its outlook in light of the new enhanced VW partnership later in April, when Mobileye reports Q1 earnings. Before you buy stock in Mobileye Global, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Mobileye Global wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $744,133!* Now, it's worth noting Stock Advisor's total average return is 859% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of March 24, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool recommends Mobileye Global and Volkswagen Ag. The Motley Fool has a disclosure policy. Why Mobileye Shares Rallied Today was originally published by The Motley Fool Sign in to access your portfolio

Hiroshi Yoshimura's Environmental Music Is Enchanting a New Generation
Hiroshi Yoshimura's Environmental Music Is Enchanting a New Generation

New York Times

time21-03-2025

  • Entertainment
  • New York Times

Hiroshi Yoshimura's Environmental Music Is Enchanting a New Generation

When listeners discover the Japanese musician and visual artist Hiroshi Yoshimura for the first time, the experience is often a revelation. 'I noticed how it activated everything,' said Dustin Wong, the experimental guitarist. 'It was extremely generous.' Patrick Shiroishi, the inventive Los Angeles-based instrumentalist, called Yoshimura a 'god-level composer and musician who sits with Ryuichi Sakamoto and Christian Vander and John Coltrane and Bela Bartok for me. They are so themselves.' Yoshimura released most of his gentle and reflective albums of kankyō ongaku, or environmental music, during the 1980s and '90s. A descendant of Erik Satie's furniture music and a cousin to Brian Eno's ambient explorations, Yoshimura's work put more of an emphasis on melody and warmth than its Western contemporaries. His compositions are often grounded by a soothing, vibrating hum underscoring largely electronic notes that fall like a pleasant weekend rainstorm. The spaces he created in his minimal, synthesizer-laden compositions allowed sounds from the outside world to exist harmoniously within the pieces. It's music that doesn't demand too much of your attention, but rewards close listening. During his lifetime, Yoshimura remained a relatively obscure figure to those outside Japan. In recent years, his global audience has grown significantly, thanks in part to a series of reissues that have brought his music to streaming platforms for the first time. The latest, 'Flora,' arrived on Thursday, the first day of spring, in a fitting tribute to how devotion to Yoshimura's music and philosophy continues to bloom. Many of Yoshimura's recordings were created to be played at specific sites, like the Hara Museum of Contemporary Art in Tokyo, or inside a range of prefabricated homes. 'Flora' is a bit of mystery within his catalog. It was released only on CD in 2006, three years after his death at 63, from skin cancer. The scant information Yoshimura left behind about it included only its title, the song names and that it was from 1987 — the year after he released two of his most beloved collections, 'Surround' and 'Green.' 'It's really interesting to have a discovery like this album, where we truly don't know what the intention was,' said Patrick McCarthy, a founder of Temporal Drift, the label releasing it. 'Was it written for a theater piece that never happened? For a brand partnership that never happened? Just for fun? Were they odds and ends from 'Green' and 'Surround'? No one really knows, but it's clear that it was a statement as a piece of work.' A sense of wonder pervades 'Flora.' In the 1980s, Japan's economic bubble and cities kept growing, but Yoshimura remained focused on the magnificence of our planet. 'Flora' is imbued with a comfort in how familiar cycles return each year, along with an astonishment of Earth's unexpected developments. When 'Green' was originally brought to the United States in the 1980s, the record label Sona Gaia Productions added unnecessary nature sounds in hopes of capitalizing on the growing market for new age music. But you can feel the natural world in every note on 'Flora.' For the album opener, 'Over the Clover,' Yoshimura included flittering runs on an acoustic piano, adding rare exclamation points to an approach built on ellipses. The atmospheric 'Adelaide,' the LP's central and longest song, features synth washes that pull listeners in like a gentle tide before ascending beyond the clouds. McCarthy and his Temporal Drift partner, Yosuke Kitazawa, have been part of four of the five Yoshimura reissues that have been released by multiple record labels since 2017. The pair met at the indie imprint Light in the Attic, where they built a relationship with the Yoshimura estate while preparing to resurface his debut, 'Music for Nine Postcards.' McCarthy and Kitazawa started Temporal Drift in 2021, partly to keep releasing Yoshimura's albums. 'We loved the music so much, and we wanted to continue that relationship because it did take years to develop that trust,' McCarthy said. During the '80s, Yoshimura was influenced by Eno's ambient music, R. Murray Schafer's concept of soundscapes and the sound installations of Max Neuhaus. In his lifetime, he did not enjoy widespread recognition. 'This does not belong to the mainstream of the art world, this does not belong to the mainstream of contemporary music,' said Katsushi Nakagawa, an associate professor of sound art and sound studies at Yokohama National University, Institute of Urban Innovation. 'It belongs to the margins.' But as contemporary listeners seek relaxing or meditative sounds, YouTube's algorithm has turned unofficial uploads of Yoshimura albums like 'Wet Land' and 'Green' into favorites with millions of plays. His track 'Blink' was featured on the Grammy-nominated 2019 compilation 'Kankyō Ongaku: Japanese Ambient, Environmental & New Age Music 1980-1990,' put together by the musician Spencer Doran. In 2023, the Museum of Modern Art's Kamakura Annex hosted a Yoshimura retrospective, which Temporal Drift is planning to bring to Los Angeles. That same year, the Japanese American Cultural & Community Center in the Little Tokyo neighborhood of Los Angeles hosted an event celebrating kankyō ongaku. Hundreds of attendees floated around the venue, experiencing performances in its theater, plaza and Japanese garden. 'At J.A.C.C.C., a concept that we generally try to explore with all our presentations is to blur the lines between the performer and the audience,' said Rani de Leon, its executive creative director. 'This music naturally fit into that sort of approach.' Many of ambient music's landmark recordings have a connection to disaster or death, reflecting on what has been lost: Eno was inspired to make 'Ambient 1: Music for Airports' while hospitalized after an automobile accident, and William Basinski's 'The Disintegration Loops' became a Sept. 11 memorial. But Yoshimura's work provides an appreciation of what we still have. 'It's just about the moment, where you're at, wherever you are,' the guitarist Wong said. 'It reminds me of everything that's free, like the air and the sun and the wind.'

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