Intel Announces 20 Billion Dollar Stock Offering Amid AI Infrastructure Boom

Intel announced plans to raise 15 billion dollars through common stock sales, a figure increased to 20 billion dollars one day later. The offering follows a year in which Intel's stock price tripled, reflecting investor optimism about its data center and AI business, which saw revenues jump 59% in the prior quarter. Funds will be used for capital expenditures and working capital, with Intel increasing its capital expenditure forecast to over 20 billion dollars. Intel listed "physical AI, purpose-built silicon, advanced packaging and external wafers" as significant growth opportunities.