Company of The Day: Intel
What?
Intel (NASDAQ:INTC) is apparently hiring investment banks as it prepares for an IPO of its Mobileye self-driving car unit.
Why?
Investor demand for companies working on self-driving technologies has been rising and Intel is looking to unlock some value from the division.
So What?
Intel could apparently be seeking a valuation of upwards of $50 billion for the unit.
See Our Complete Analysis For Intel
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Returns | Apr 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
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S&P 500 Return | -2% | -7% | 99% |
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[1] Month-to-date and year-to-date as of 4/18/2022
[2] Cumulative total returns since the end of 2016
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