Intel (NASDAQ: INTC) Stocks were acquired during Monday trading. The semiconductor company’s share price has risen 4% as of 2pm ET. At the same time, the S&P 500 (snpindex: ^gspc) and Nasdaq Composite (Nasdaqindex: ^ixix) It increased by 0.7% and 1.1%, respectively.
Following recent news that Lyft will use Mobileye’s, Intel stocks are climbing higher than today (NASDAQ: mbly) Machine vision and autonomous driving technology for future Robotaxi services. Intel is a majority shareholder of Mobileye and if Machine-Vision specialists win a large contract, it can benefit.
Make your mornings smarter! Every day in the market, wake up with breakfast news in your inbox. Sign up for free »
Intel Stock climbs the news of Mobileye and Lyft’s big partnership
This morning, TechCrunch published a report showing that Lyft will use Mobileye’s Tech for its new Robotaxi service, which can be released as early as 2026.
Mobileye has been struggling lately, but the new Lyft partnership appears to be a major victory for the company. As of 2pm ET, Mobileye’s share price rose 14.8%. As a majority shareholder of technology specialists, that’s good news for Intel.
What’s next for Intel and Mobileye?
Intel bought Mobileye for $15.3 billion in 2017 and then spun it into a subsidiary that was traded in 2022. It still owns about 88% of the company. Today’s profits have brought Mobileye’s valuation to a maximum of $15.1 billion.
In particular, several reports suggest that Intel is considering selling some of its shares in Machine-Vision Technologies Company to raise cash and promote its own restructuring initiative. If Mobileye’s stock price continues to rise, Intel can get a better deal by selling a portion of its holdings. Either way, Lyft Partnership News looks like a clear bullish development for Mobileye and Intel.
If Mobileye is in the early stages of emergence from otherwise overwhelming business performance, Intel’s own restructuring foundation could be significantly improved. Mobileye is the second-largest acquisition in Intel history, appearing behind Altera, the chip company bought in 2015 for $16.7 billion.
But even if the stars start to align for Mobileye, it still leaves some big questions about Intel’s core business. CHIP specialists have lost their position in the computer and server CPU market, and their casting business has created massive losses and lack of performance benchmarks. 2025 will be a pivotal year for Intel, and the company will share big news about its path in the near future.
Don’t miss this second chance with a potentially advantageous opportunity
Have you ever felt like you missed a boat when buying the most successful stocks? If you do that, you’ll want to hear this.
In rare cases, a team of analysts issue “double-down” stock recommendations for companies they think they are trying to pop. If you’re worried that you’ve already missed the chance to invest, now is the perfect time to buy before it’s too late. And the numbers speak for themselves:
nvidia: If you invest $1,000 when it doubled in 2009, It costs $336,677! *Apple: If you invest $1,000 when it doubled in 2008, you’ll have $43,109! *Netflix: If you invest $1,000 when it doubled in 2004, then $546,804! *
Currently, we are issuing “double-down” alerts to three incredible companies, and we may not have a chance like this anytime soon.
learn more “
*Stock Advisor will return as of February 3, 2025
Keith Noonan has no position in any of the stocks mentioned. Motley Fool has a position in Intel and recommends. Motley Fool recommends Mobileye Global and recommends the following options: Motley Fools have a disclosure policy.
The views and opinions expressed herein are the views and opinions of the authors and are not necessarily Nasdaq, Inc. It does not reflect the opinions of