Mobileye, an Intel subsidiary known for autonomous vehicle technology, announced plans to start a robotaxi service in a U.S. city in 2027, initially deploying 100 autonomous vehicles. The company aims to expand this fleet to about 17,000 robotaxis over five years if the launch succeeds. This move marks Mobileye's shift from solely supplying self-driving systems to also operating its own robotaxi service, leveraging its technology and the Moovit app for consumer access. The initiative complements Mobileye's existing partnerships and aims to accelerate autonomous mobility adoption while gaining direct operational experience.
Intel's stock fell 6% following a sharp 188% rise year-to-date, driven by profit taking amid a risk-off market mood and no new company-specific news. NVIDIA and AMD also declined 3%, reflecting a broader semiconductor sector pullback influenced by ri...
Intel Corporation maintains a Buy rating due to strong AI-driven demand securing multi-year supply deals and providing revenue visibility. The company raised $22.6 billion through equity, avoiding additional debt and fully funding new fabrication pla...
Intel's stock has surged over 180% this year, fueled by speculation of a possible 10% price increase on select PC processors. Despite the rally, most analysts remain cautious, maintaining a hold rating with modest price targets, citing concerns over ...
AMD's stock rose 3% after CFO Jean Hu increased the AI chip market forecast to $2-3 trillion by 2030, up from a previous $2 trillion estimate. This bullish outlook is supported by strong growth in AMD's Data Center segment, which more than doubled re...
Intel shares have surged over 300% in the past year but currently trade about 20% below their peak. Despite skepticism from Wall Street, a set of milestones including sustained 40%+ operating margins in AI and data center segments, narrowing foundry ...
