AI revenue run rate reached $13 billion, as the company reported $69.6 billion in revenue for the December quarter, up 12%, with earnings of $3.23/share, topping Wall Street's expectations by both measures.

Mobileye Global forecast fiscal 2025 revenue below Wall Street expectations on Thursday, anticipating fewer shipments of its assisted driving technology to China, sending its shares down more than 12% in premarket trading.

Shipments for the company's technology to China have been pressured by competition from domestic firms developing similar self-driving software at lower costs. In December, Mobileye said its major automotive customers were losing market share in the country as domestic manufacturers are now offering less-expensive battery vehicles in the region.