AMD may be heading toward a dip in client revenue, but its other high-performing segments should pick up the slack.
Driverless cars have slowly begun to appear on the roads of American cities. Expectations for Intel’s Mobileye spin-off have been lowered. Once imagined as a $50bn company, the autonomous driving business is now expected to seek a valuation of about $30bn.
Incumbent chip maker Intel (NASDAQ: INTC), a banner victim of this year's tech stock sell-off, had an unusually good Monday. The company's shares rose by almost 5% on the day, due in part to a general rebound of tech titles generally and chip makers specifically, and partly due to a looming divestment. After market hours on Friday, Intel's assisted- and autonomous-driving tech unit Mobileye filed a prospectus for an initial public offering (IPO).