Why Intel and Mobileye Are Building 100 Self-Driving Cars
Intel (NASDAQ: INTC) said this week that it has completed its tender offer for shares of Mobileye (NYSE: MBLY), the Israeli maker of advanced driver-assist systems that is seen as a leader in the emerging field of self-driving cars.
Officially, Intel's purchase of Mobileye probably won't be a done deal for another few weeks. But Intel and its soon-to-be subsidiary are already getting to work.
The first order of business? A new fleet of self-driving test cars.
Source: Fool.com
Intel Corp. Stock
€28.90
0.750%
Currently there is a rather positive sentiment for Intel Corp. with 23 Buy predictions and 12 Sell predictions.
As a result the target price of 38 € shows a positive potential of 31.49% compared to the current price of 28.9 € for Intel Corp..