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Intel: Cashing In On The AI Buzz With Mobileye Stock Sale

Jun. 07, 2023 5:33 AM ETIntel Corporation (INTC)25 Comments
The Asian Investor profile picture
The Asian Investor


  • Intel is completing a secondary stock sale for its investment in Mobileye Global, a company developing advanced driver-assistance systems.
  • Intel bought Mobileye Global in 2017 and listed it as an independent enterprise, raising $867M from the IPO.
  • The secondary stock sale comes as Intel's core business faces pressure from declining consumer demand for its processors.

Entrance of The Intel Museum in Silicon Valley.

JHVEPhoto/iStock Editorial via Getty Images

Intel (NASDAQ:INTC) announced on Tuesday that it was completing a secondary stock sale for its investment in Mobileye Global (MBLY), a company that focuses on the development of advanced driver-assistance systems. The secondary stock sale comes at a

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The Asian Investor profile picture
I look for high-risk, high-reward situations. Five largest portfolio holdings: Bitcoin, SoFi, Alibaba, PayPal, Western Alliance. Early buyer of cryptocurrencies. I live in Thailand :)

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Comments (25)

looking into my trades -

9/30/2022 - INTC - 26.50; SPY - 354.20; DIA - 283.66
06/09/2023 - INTC - 31.34; SPY - 429.90; DIA - 339.27

INTC - 18.26%
SPY - 21.37%
DIA - 19.60%

S&P500 outperformed INTC by 3.11% and Dow Jones Industrial average by 1.34%

Lesson : Don't dollar cost average into weakness unless you are sure that the stock is going to outperform the index(es) it belongs to
Try this one INTC SMH

TSEM offer was $53 per share on 15 Feb 2022 TSEM was $33.13 on the 14th
Current TSEM is $38.50 for a loss of $14.5 on 110 million shares.

That loss just happens to be $1.595 billion.
Sellin MBLY to cover?
The author recomends to sell Intel so often, I begin to think it's time to buy :)
INTC weekly not yet
Intel's MobilEye is the Number 1 in the Top 5 Autonomous Vehicle Companies (www.abiresearch.com/...)
The Asian Investor profile picture
@Techioi I am not saying that Mobileye isn't :)
Other lists do not even show them there are over 200 companies doing this.
PennyPlanSupporter profile picture
Could someone explain to me why Nvidia and AI are Intel killers?

Everything I read is that this is basically "Google vs. Yahoo!" in 2000 and Yahoo! is done but I can't find evidence that Intel will be toast before they bring their own AI focused processors to market.

Intel still outspends Nvidia by 3x on R&D.

Even old, stodgy IBM still has nearly $10 billion in free cash flow each year.

How does Nvidia actually kill Intel?
@PennyPlanSupporter Intel has no presence in AI due to software. Nvidia invested in this software 15 years ago. The value in data center & AI is shifting from CPU to GPU. Think of intel they make components but have no relevance on their own without powerful software. To make AI work, you need all compliments to be designed from grounds up to be optimized to work with that software solution which includes AI language models / training. Intel has none of that, hence their hardware is lost in translation , has no optimized purpose. AMD is ahead of Intel , Nvida is vastly ahead of both. Intel is now relegated to a chip manufacturing foundry , and not a good one.
stockroach profile picture
@investor5115 " AMD is ahead of Intel" clueless statement from a clown.
1) Intel has several AI products and software out in the market now. AMD has nothing, waiting on MI300
2) Intel also has dGPU's in the market, launching more today. They have about the same market share as AMD after 9 months of shipments
3) ROCm is horrible software. Intel OneAPI is the only real alternative to CUDA
4) NVDA who is the leader in AI went with Intel SR instead of Genoa.
Did INTC double in the last 8 months? No?
Guess none of that matters much.
GibraltarAssetMgmt profile picture
dividend cut? It has already been cut.
Read this:
"Why Intel's Dividend-Cutting Days Might Not Be Over
The consensus among all 42 analysts covering Intel is that it will follow up its 2023 dividend cut with 24% more cuts over the next two years."
"We haven't even factored in the $8.4 billion it would cost Intel in new debt to fund its 66% smaller dividend."
"Now do you see why analysts expect Intel to cut its dividend to once, not twice, but thrice?"
The Asian Investor profile picture
@GibraltarAssetMgmt Yes, but this may not have been the last cut... if you look at the state of the PC industry...
@The Asian Investor nobody owns INTC for the dividends anymore
GibraltarAssetMgmt profile picture
"There is also a considerable risk that Intel will have to cut its dividend if free cash flow does not recover."

Is this a rewritten article by Chat GPT?
MBLY is 29% shorted.

If the stock is to climb on AI then a huge short squeeze is here and they are selling too soon.

Selling on desperate cash problems so don't care.
See a fall coming so take now.
Can't see the short squeeze potential.

All bad.
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