Jim Cramer: Intel Becoming Less of a PC Company

Mobileye's is benefitting from its deal to work on self-driving cars with Intel and BMW.
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Mobileye's (MBLY) is benefitting from its deal to work on self-driving cars with Intel (INTC) - Get Report and BMW, but Intel is also a big winner because it proves it is more than a PC company, says TheStreet's Jim Cramer.  Mobileye's stock is up big on Thursday following reports that the company will collaborate with chipmaker Intel and automaker BMW to create self-driving car technology. Jerusalem-based Mobileye develops software and other components for advanced driver assistance systems and autonomous driving technologies.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.