Is Intel Corporation (NASDAQ:INTC) Stock A Buy After Movidius Deal?

In February Amigobulls reported that Alphabet (NSDQ:GOOGL) was using chips from startup Movidius for the development of next-generation Virtual Reality (VR) headsets. Movidius, a company specialized in low-power machine vision for connected devices, has been working with Alphabet to accelerate the adoption of Artificial Intelligence (AI) within mobile devices. Now, the machine vision startup is being acquired by Intel (NSDQ:INTC). "I'm excited to announce the planned acquisition of Movidius by Intel," said Movidius CEO Remi El-Ouazzane. "Movidius' mission is to give the power of sight to machines. As part of Intel, we'll remain focused on this mission, but with the technology and resources to innovate faster and execute at scale."