Why Intel, Alphabet, and Mobileye Stocks All Popped Today

Intel's Mobileye IPO Plans

Intel Corp. (INTC) stock rose 4.8% after the chipmaker announced plans to take its self-driving car unit, Mobileye, public through an initial public offering (IPO).

The IPO is expected to raise up to $10 billion, making it one of the largest tech IPOs in history.

Mobileye is a leading provider of driver-assistance systems and self-driving technology. The company's technology is used by automakers such as Volkswagen, BMW, and Ford.

Alphabet's Waymo Signs Deal with Geely

Alphabet Inc.'s (GOOGL) stock rose 2.5% after its self-driving car unit, Waymo, signed a deal with Chinese automaker Geely.

Under the deal, Waymo will provide its self-driving technology to Geely's electric vehicles.

The deal is a major boost for Waymo, which has been struggling to commercialize its self-driving technology.

Mobileye's IPO Could Boost Intel's Valuation

Analysts say that Mobileye's IPO could boost Intel's valuation by as much as $50 billion.

Mobileye is a highly profitable business, and its IPO will give investors a chance to own a piece of one of the leading players in the self-driving car market.

The IPO is also expected to give Intel more financial flexibility to invest in other growth areas, such as artificial intelligence and cloud computing.

Waymo's Deal with Geely Could Accelerate Self-Driving Car Adoption

Waymo's deal with Geely could accelerate the adoption of self-driving cars by bringing the technology to a major automaker in China.

China is the world's largest auto market, and Geely is one of the country's largest automakers.

The deal could also help Waymo to scale its self-driving technology more quickly, as Geely has a large manufacturing capacity.

Conclusion

The news that Intel, Alphabet, and Mobileye are all making progress in the self-driving car market is a positive sign for the industry.

Self-driving cars have the potential to revolutionize transportation, and these companies are at the forefront of this emerging technology.

Investors should keep an eye on these stocks as the self-driving car market continues to develop.