Intel Launches $15 Billion Stock Offering for AI Capital Spending, Shares Fall Up to 5%

Intel on Monday announced a $15 billion underwritten public offering of common stock, with proceeds earmarked for general corporate purposes including capital expenditures and working capital tied to artificial intelligence infrastructure. The Santa Clara chipmaker cited strong and sustainable demand for AI compute as the rationale, highlighting physical AI, purpose-built silicon and advanced packaging as key growth opportunities. Underwriters received a 30-day option to buy up to an additional $2.25 billion in shares at the offering price, less underwriting discounts, bringing the potential total raise to roughly $17.25 billion.

The announcement hit the stock immediately, with Intel shares falling between 3.7% and 5% in Monday trading depending on the source and timing of the reading. Intel said the capital raise is intended to let the company pursue growth opportunities while preserving a strong balance sheet and its investment-grade credit rating.