Intel Is Selling $15 Billion of Stock to Fund the AI Build-Out. The Dilution Is About 3%. The Premarket Hit Was 5%.
Intel announced a $15 billion stock sale to fund its AI build-out, leading to a nearly 5% premarket drop despite only about 3% dilution. The company aims to use the proceeds for capital expenditures, including new factories, without incurring additional debt. This move comes …