WS #13807
Intel launches $15B stock sale to fund foundry buildout; stock drops ~5% on dilution concerns. Microsoft plans to unveil Maia 300 AI chip this fall and secure TSMC capacity for 300,000+ units in 2027 to reduce reliance on Nvidia; stock rose ~2%. Meta released open-weight Muse Glimmer AI model for on-device agents, supporting Zuckerberg's personal AI vision; stock gains. Jefferies downgrades Apple from Hold to Underperform, lowers price target to $263.66, citing concerns; stock trading lower.
Intel $15B Stock Sale
Intel launches $15B stock sale to fund foundry buildout; stock drops ~5% on dilution concerns.
Microsoft plans to unveil Maia 300 AI chip this fall and secure TSMC capacity for 300,000+ units in 2027 to reduce reliance on Nvidia; stock rose ~2%.
Meta released open-weight Muse Glimmer AI model for on-device agents, supporting Zuckerberg's personal AI vision; stock gains.
Jefferies downgrades Apple from Hold to Underperform, lowers price target to $263.66, citing concerns; stock trading lower.