Company Of The Day: Intel
What?
Intel (NASDAQ:INTC) plans to take its Mobileye unit – which is a market leader in driver-assistance and autonomous driving solutions – public in mid-2022.
Why?
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Investor demand for companies working on self-driving technologies has soared and Intel could be seeking a valuation of upwards of $50 billion for the unit, per a report in the Wall Street Journal.
So What?
Intel stock jumped by about 8% in after-hours trading on Monday, following the news.
See Our Complete Analysis For Intel
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