That news is behind the surprising strength in shares of Intel stock (up 3% through 11:10 a.m. ET), and in Alphabet (up 1.8%), and in Mobileye most of all -- up 15.3%!

Mobileye and Intel shares have both been under heavy pressure this year, but Intel says it has no current plans to sell its majority stake, as some had feared.

Mobileye stock rose 8.6% in premarket trading. Intel shares gained 2.1%. “By providing Mobileye with separation and autonomy, we have enhanced its ability to capitalize on growt

Despite speculation to the contrary, Intel (NASDAQ:INTC) said on Wednesday that it has no current plans to divest its majority holding of autonomous driving company Mobileye (NASDAQ:MBLY). "As the majority shareholder in Mobileye,