I'm Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.

Happy Tuesday. Welcome to Tech Check. I'm John Fort with Carl King Tenea and Julia Borson.

Deirdre's off. Today, Intel Surges, as it announces plans to spin out its Mobile Eye Unit,

a story about semiconductors, valuations in auto tech, and of course, the turnaround,

continuing turnaround attempt, the beleaguered American giant.

And then sharp moves within the software sector as high growth names struggle.

MongoDB surging again post-earnings.

Well, on these three names.

And overall, stocks are continuing to bounce back from last week's sell-off. The NASDAQ's now up

almost 3%. Let's see. Yeah? Still up almost 3%. We're cooping just about all of its losses so far,

taking us back to last Monday's levels, Tom. You're absolutely right, John. Stocks broadly are

surging, both the Dow and the S&P now having its best two days of the year.

At the top of the Dow, tech, Salesforce, Apple, Microsoft, and Intel.

Those shares popping after the company says it will take itself driving car unit mobile eye public by mid-2020,

in an IPO that could reportedly value the group at $50 billion.

Intel's chief, Pat Gelsinger, joined us this morning on CNBC.

Compared the company to Tesla. Take a listen.

This is a real company that's leading in a powerful technology category.

And when you look at their products, Jim, you know, they've just built the full stack of, you know, silicon systems, software,

you know, the mapping software, the whole risk management system. They have been unquestionably

creating this category. And the only company that we see who's anywhere close is Tesla in terms of

capabilities. Any valuation around 50 would be a pretty nice appreciation from 15, which is what they

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