Arbe Robotics shares fall 3.11% in premarket after industry report highlights AI-driven growth in robotics sector.

Arbe Robotics Ltd. fell 3.11% in premarket trading, following a communication industry report highlighting the rapid growth of the robotics industry due to the AI wave. The company's 2024 annual report positions it as a global leader in radar technology, with its 4D imaging radar solutions enabling L2+ to L5 autonomous vehicles, providing high-resolution sensing capabilities and overcoming traditional radar limitations. Additionally, the stock has seen a 23.15% increase in the past five days, indicating heightened buying interest.