WS #13801
Intel announced a $15 billion common stock offering to fund AI buildout, causing a 5% drop in its stock due to dilution concerns. Microsoft plans to unveil its Maia 300 AI chip in September and is in talks with TSMC to secure capacity for over 300,000 units for 2027, aiming to reduce reliance on Nvidia. Jefferies downgraded Apple to Underperform with a price target of $263.66, citing the cancellation of an all-glass iPhone, which is a negative catalyst for AAPL.
Intel $15B Stock Offering
Intel announced a $15 billion common stock offering to fund AI buildout, causing a 5% drop in its stock due to dilution concerns.
Microsoft plans to unveil its Maia 300 AI chip in September and is in talks with TSMC to secure capacity for over 300,000 units for 2027, aiming to reduce reliance on Nvidia.
Jefferies downgraded Apple to Underperform with a price target of $263.66, citing the cancellation of an all-glass iPhone, which is a negative catalyst for AAPL.