Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, December 10, 2021

Article Excerpt

INTEL CORP., $50.59, Nasdaq symbol INTC, remains a buy. The company is the world’s leading maker of computer chips: its products power 90% of all personal computers and more than 80% of all datacentres. Intel now plans to sell shares in its Israel-based Mobileye subsidiary to the public in 2022. It specializes in computer systems and chips for self-driving cars. Intel originally paid $15.3 billion for Mobileye in 2017, and the initial public offering could value that business at $50 billion. The company will continue to hold a majority stake in the business. Investor interest in Mobileye should be strong, as the demand for its products is growing fast—its revenue will probably jump 40% in 2021. The cash from the sale will help fund the company’s new strategy to increase its ability to make chips for other companies. Under that plan, it will build two new chipmaking facilities in Arizona at a cost of $20 billion. The new plants should begin operating in 2023. The…