Intel said Monday it plans to raise $15 billion by selling new shares to investors, giving it fresh cash for factories, equipment, day-to-day operations, and other needs. That comes with a cost for existing shareholders — one that its recent stock rally has dramatically reduced.
Intel's (INTC) AI ambitions are getting more expensive. Its 165% rally this year is helping foot the bill.
The chipmaker raised $20 billion in an upsized stock sale, pricing 210.5 million new shares at $95 each. Banks handling the deal can buy anothe... [2295 chars]