Mobileye Global Inc. shares surged the most in nearly two years after Intel Corp. said it isn’t “currently” preparing to unload its majority stake in the maker of autonomous driving technology, easing investors’ fears.

Mobileye and Intel shares have both been under heavy pressure this year, but Intel says it has no current plans to sell its majority stake, as some had feared.

Intel said it has no plans to sell its majority stake in self-driving technology firm Mobileye, ruling out one potential cost-saving option for the beleaguered tech giant.