Mobileye, Intel
Mobileye Jumps After Intel Says It Won’t Sell Majority Stake
Mobileye Global Inc. shares surged the most in nearly two years after Intel Corp. said it isn’t “currently” preparing to unload its majority stake in the maker of autonomous driving technology, easing investors’ fears.
Mobileye’s stock surges as Intel gives this reassuring sign
That majority shareholder is Intel Corp. which is struggling to get back on track after a series of technological missteps. Intel is also in the midst of a costly bid to regain manufacturing leadership and to serve as a foundry that makes chips for other semiconductor companies.
Intel declares no plans to divest Mobileye majority stake
The share price of advanced driving assistance systems (ADAS) company Mobileye Global Inc. (Nasdaq: MBLY) is up 8% in premarket trading after Intel Corp. (Nasdaq: INTC) made it clear that it has no plans to divest its majority stake in the Israeli company.
Why Intel, Alphabet, and Mobileye Stocks All Popped Today
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 shares jump as Intel confirms no plans to divest majority stake
Shares in automotive chip maker Mobileye Global Inc. jumped nearly 15% today after its majority shareholder, Intel Corp., said that it has no plans to divest its interest in the company.
Intel says it has no plans to divest majority stake in Mobileye
Struggling chipmaker Intel said on Thursday it had no plans to divest a majority stake in Mobileye , sparking an 8% rise in the self-driving tech firm's shares in premarket trading.
Intel Says It Won’t Sell Majority Stake in Mobileye
Mobileye Global shares surged the most in nearly two years after Intel said it isn’t “currently” preparing to unload its majority stake in the maker of autonomous driving technology.
Intel Says It Won't Sell Mobileye, Ruling Out One Option To Raise Capital
Key Takeaways Intel said it will not sell its majority stake in self-driving technology firm Mobileye.Selling part or all of Mobileye could have raised some capital as part of Intel's larger turnaround plans.
Mobileye Stock Jumps. Intel Has No Plans to Sell Its Stake.
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
Intel (NASDAQ:INTC) Planning to Keep Mobileye (NASDAQ:MBLY) Stake
While chip stock Intel ($INTC) has done quite a few things to raise cash as it struggles to regain its place in the chip market, one thing that it
Fudzilla23m
Intel says it will not flog off Mobileye
We are not that broke yet While Chipzilla is talking about flogging off its family silver and spinning off bits of itself, it ...
Here’s Why Mobileye Is Ending Lidar Development
Mobileye announces plans to end frequency modulated continuous wave (FMCW) lidar development, calling it "less essential," ...
Nvidia Is Yesterday's News: These 2 Artificial Intelligence (AI) Stocks Are Poised to Skyrocket Up to 1,050%, According to Select Wall Street Pundits
Thus far, semiconductor behemoth Nvidia ( NVDA 3.97%) has been the undisputed beneficiary of the rise of AI. But according to ...
Mobileye: Investing In The Long-Term Opportunity
Mobileye Global Inc. investors were surprised by a downward revised guidance for the full year 2024. Read why I remain ...
Business Insider21h
Intel Says Has No Plans To Divest Its Majority Interest In Mobileye
The company said it believes in the future of autonomous driving technology and in Mobileye's unique role as a leader in the development and deployment of advanced driver assistance systems ...