Why Intel Stock Is Jumping Today
(NASDAQ: INTC) stock is gaining ground in Monday's trading. The semiconductor company's share price was up 4% as of 2 p.m. ET. At the same point in time, the S 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were up 0.7% and 1.1%, respectively.
Intel stock is climbing higher today following recent news that Lyft will be using Mobileye's (NASDAQ: MBLY) machine-vision and autonomous driving technologies for its upcoming robotaxi service. Intel is Mobileye's majority shareholder, and it stands to benefit if the machine-vision specialist scores major contract wins.
TechCrunch published a report this morning stating that Lyft will be using Mobileye's tech for a new robotaxi service that could launch as early as 2026. The new, self-driving vehicle offering is scheduled to launch in Dallas, and then expand into other major cities.
Source Fool.com
Intel Corp. Stock
Our community is currently low on Intel Corp. with 8 Buy predictions and 14 Sell predictions.
With a target price of 19 € there is a slightly negative potential of -5.59% for Intel Corp. compared to the current price of 20.13 €.
