Jim Cramer on Intel's Purchase of Mobileye: 'It Makes a Huge Amount of Sense'

TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Intel's acquisition of Mobileye makes a huge amount of sense.
Author:
Publish date:

TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said  Intel's (INTC) - Get Report acquisition of  Mobileye (MBLY) makes a huge amount of sense because the number of chips in a car is far bigger than the number of chips in a PC. "Intel can own that market or share it with  Nvidia (NVDA) - Get Report and Alphabet's (GOOGL) - Get Report Google," Cramer said. "Google makes its own chips for Waymo."

Watch the latest from Jim Cramer: