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5 things to know before the stock market opens Tuesday
... Russian President Vladimir Putin , in which Biden warned Putin not to invade Ukraine . Oil rose by 3.68% to $72.05 per barrel level, which is the biggest two-gain in 13 months. Intel jumped after it announced it would take over its self-driving arm, Mobileye , in a deal that valued the company around $50 billion. Carlos Tavares , CEO of the car company, said the move was part of a strategy that would transform the company into a sustainable mobility tech company, with business growth coming from ...
Updated: 12/07/2021
S&P 500, Nasdaq close at record high after tech stocks rally
... main indexes of Wall Street finished Tuesday with strong gains as investors shook off some anxiety about the latest coronavirus variant and investors boosted Nasdaq by piling into technology stocks. Intel plans to take its own self-driving car unit Mobileye public in the United States next year pushed his shares to a 3% gain and cheered chip investors across the board. The Philadelphia SE Semiconductor Index was up 4.97% after hitting a near one-month low on Tuesday. Investors were reassured by ...
Updated: 12/07/2021
Intel spinning off Mobileye will help unlock future
Intel INTC is looking to free up resources by spinning off Mobileye, with big capital commitments for new foundries coming down the pike.bags giant said Tuesday it would float Mobileye onto public markets. Intel INTC is looking to free up resources by spinning off Mobileye , with big capital commitments for ...
Updated: 12/07/2021
S&P stocks rally after Intel announces self-driving car launch
... rallied strongly on Tuesday, with the Nasdaq leading gains after investors piled back into technology stocks and semiconductors after Intel announced plans to take its self-driving car unit public. In mid- 2022, the chip giant's decision to list Mobileye in the United States sent its shares up 3.6%. The Philadelphia SE Semiconductor Index was up 4.7%, bouncing off a near one-month low in the previous session. All 11 major S&P sectors were progressing, with the information technology sector ...
Updated: 12/07/2021
Intel CEO: Mobileye IPO will help build more plants
Dec 7 ReutersLS Intel Corp will keep most of its money in the future when it sells a stake in its Mobileye self-driving vehicle components unit in a planned initial public offering, targeting some of those funds to build more Intel chip plants, Chief Executive Pat Gelsinger said on Tuesday. Dec 7 Reuters -- Intel Corp will keep most of its money ...
Updated: 12/07/2021
S&P stocks rally as Intel announces self-driving car IPO
... Reuters - Wall Street 's main indexes rallied strongly on Tuesday, with the Nasdaq surging 3% as investors pile onto beaten-down technology stocks, while Intel jumped after plans to take its self-driving car unit public. The chip giant decided to list Mobileye in the United States in mid- 2022, with its shares 4.5% higher. The Philadelphia SE Semiconductor Index surged 5.0%, rebounding from a near one-month low in the previous session. The information technology sector, which includes companies like ...
Updated: 12/07/2021
Nasdaq rallies more than 2% as Tech stocks rebound
... Dec 7 Reuters -- The Nasdaq rallied more than 2% on Tuesday as technology firms bounced back on easing concerns around the Omicron variant, while Intel jumped after plans to take its self-driving car unit public. The chip giant's decision to list Mobileye in the United States in mid- 2022 sent investors to a 5.0% increase. The Philadelphia SE Semiconductor Index went up by 3.5%, bouncing off a near one-month low in the previous session. Ten of 11 major S&P sectors advanced in early trading, ...
Updated: 12/07/2021
Intel shares surge 7% as its self-driving car unit takes off
... struggles to ramp up its technology and catch up with rivals in making more energy-efficient microprocessors. Tuesday's gains will help Intel add $17 billion to its market capitalization. Early in the day, shares of AMD, Nvidia and Qualcomm were up. Mobileye , an Israeli company that Intel bought for $15 billion a few years ago, could be valued at more than $50 billion during its initial public offering in mid- 2022, sources told Reuters. Aaron Rakers , Wells Fargo analyst, said that the valuation ...
Updated: 12/07/2021
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