Intel shares surged more than 7% in after-hours trading

Intel shares surged more than 7% in after-hours trading.Intel Corp is planning to publicly list shares in its self-driving-car unit Mobileye, which could value the unit at north of $50 billion ,the Wall Street Journal reported on Monday, citing people familiar with the matter.

However, there are no guarantees Intel will ultimately follow through with an offering, the report said adding that the announcement is expected as soon as this week.