Intel shares drop 5% after announcing $15 billion offering to support AI growth
Shares of Intel Corporation fell 5.24% to $96.32 on the Nasdaq on Monday, August 10, after the semiconductor designer and manufacturer announced a $15 billion underwritten public offering of common stock.
At the last check, the stock was trading 4.13% lower at $97.45. During Monday’s session so far, Intel shares have moved in the range of $98.96 to $96.31, exchange data showed.
