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Strategies & Market Trends : Value Investing

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E_K_S
To: E_K_S who wrote (74628)1/3/2024 9:21:52 AM
From: Sean Collett1 Recommendation   of 78958
 
RE: INTC

Intel will also be spinning its AI software off with backing from DigitalBridge Group. Seems no details on the value of the deal yet, but interesting move.

Intel spins out AI software firm with backing from DigitalBridge

Intel bought Mobileye in 2017 for some $15B and then later spun it off in 2022. In October 2022 MBLY closed at $28.97/s and today it is at $41.34/s. Could be a decent opportunity here.

-Sean
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