Intel Owns Just 2 Stocks Worth $620 Million: Here’s What That Concentrated Bet Reveals

Intel's only two disclosed equity holdings are Mobileye ($484M, 78%) and Joby Aviation ($137M), both down sharply and tied to autonomous mobility.

Mobileye shares fell 34% over the past year and Joby is down 40% YTD, yet Intel's edge-AI thesis keeps both positions intact.

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For a company with a $541.83 billion market cap, Intel ( NASDAQ:INTC ) runs an almost comically small disclosed equity book. Its Q2 2026 13F filing lists exactly two positions worth a combined $620 million as of June 30, 2026. Both are bets on autonomous, AI-driven mobility. Both are down sharply in 2026. And both sit at the intersection of CEO Lip-Bu Tan's edge-AI thesis.

The concentration is striking. 50 million shares of Mobileye account for $484 million, or 77.99% of the portfolio, with 15.3 million shares of Joby Aviation making up the remaining $136.6 million, or 22.01%. The entire book concentrates on two companies tied to physical AI.

Mobileye ( NASDAQ:MBLY ) is the residue of Intel's 2017 acquisition and 2022 spinout. The autonomous driving unit posted Q2 2026 revenue of $508 million (+0.4% YoY) and adjusted EPS of $0.19 versus a $0.04 loss estimate.

CEO Amnon Shashua told investors, "Our foundation is robust and highly profitable, boosted by the recently enacted R&D Law which we expect to sustainably raise the margin baseline of the business."

The stake is far from unblemished. Intel recorded a $4.07 billion Q1 2026 restructuring charge largely tied to Mobileye goodwill impairment. Mobileye shares are down 11.59% year to date and 34.12% over the past year, closing at $9.23 on August 17, 2026. Analysts still carry a $12.10 average target, with five Strong Buys, eight Buys, and 14 Holds.