In this episode, Scott Becker discusses Intel’s surprising stock surge, driven by Lyft’s decision to use MobileEye technology.
Chapter 1: What is the surprise behind Intel's stock surge?
This is Scott Becker with the Becker Private Equity and Business Podcast. Today's discussion is Intel, Intel inside, Intel surprises to the upside. So here's the issue. Intel's had its first good day in the markets, and what seems like forever is its stock is up about 6%, 7%. And we'll see if that lasts throughout the day. You'll be listening to this on
Chapter 2: How does Lyft's decision benefit Intel?
Wednesday when we release it, we're recording on Tuesday. But so far, Intel is having a heck of a day. So here is what's driving Intel's success. Intel's success is being driven by the fact that Lyft is going to use Mobileye technology in their vehicles, their effort to have their autonomous vehicles. And why is this big news for Intel?
It's big news for Intel because Intel bought Mobileye a couple years ago. Mobileye has struggled under Intel. But now Mobileye, which Intel still owns 88% of, is going to be used by Lyft. And this is going to really propel and accelerate the strength of Mobileye and have huge benefits to Intel, which is the 88% owner of that. So we'll see how that goes. A little excitement there.
That's Intel inside, Intel up. Thank you for listening to the Becker Private Equity and Business Podcast. Thank you very, very much.