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Why Intel Stock Jumped Today

TheMotleyFool

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Shares of Intel (NASDAQ: INTC) climbed on Tuesday after the semiconductor giant announced plans to take its Mobileye autonomous vehicle business public.

As of 2:55 p.m. ET, Intel's stock price was up nearly 4%.

Intel acquired Mobileye in 2017. The Israel-based company is a leading provider of advanced driver assistance and self-driving technology. It has relationships with over 30 automakers and expects to generate revenue growth of more than 40% this year.

Source Fool.com

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