Company Of The Day: Intel
What?
Intel (NASDAQ:INTC) said that its Mobileye autonomous driving segment secured new deals with Ford (NYSE:F), Volkswagen, and China’s Geely. The Geely partnership will focus on Level 4 autonomy, which will allow cars to be able to drive themselves in most circumstances.
So What?
- A Strong Q3 Can Push Intel Stock Up After A 55% Slump This Year
- Nvidia Can Outbid Qualcomm To Acquire Intel At 50% Premium
- $30 In Sight for Intel Stock After Amazon AI Chip Win?
- A Turnaround Scenario For Intel Stock To Reach $60
- Intel Stock Could Dive To $10
- Three Catalysts That Should Help Intel Stock Recover From Its Worst Crash Ever
The deals are encouraging considering that Intel is looking to spin off Mobileye, with an IPO likely to happen sometime this year. The Mobileye business is estimated to be worth as much as $50 billion.
See Our Complete Analysis For Intel
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| Returns | Jan 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| INTC Return | 3% | 3% | 47% |
| S&P 500 Return | 0% | 0% | 114% |
| Trefis MS Portfolio Return | -2% | -2% | 285% |
[1] Month-to-date and year-to-date as of 1/5/2022
[2] Cumulative total returns since the end of 2016