Intel announced a $15 billion common stock offering to support rising demand for AI computing. The funds will be used for capital expenditures, working capital, and growth in physical AI, purpose-built silicon, and advanced packaging. This move aligns with a broader trend of tech giants increasing spending to build AI infrastructure, with industry-wide investments expected to reach $765 billion this year and $1.2 trillion by 2027. Intel also included an option for underwriters to buy an additional $2.25 billion in stock, signaling strong confidence in AI-driven growth.
Initta Technology showcased its new AI-driven retail solutions at its annual partner conference in Nanchang, emphasizing its shift from hardware supplier to AI-enabled service provider. The company highlighted its partnership with Intel, using Intel'...
Intel's stock fell 5% to $96.97 following its announcement of a $15 billion public stock offering aimed at funding growth opportunities in AI computing and expanding its chip foundry capabilities. The offering, including a 30-day option for an additi...
The Global X Artificial Intelligence and Technology ETF (AIQ) provides dynamic exposure to leading AI and big data companies through systematic rebalancing and thematic screening, reducing risk from single stocks. With over $10 billion in assets unde...
Micron Technology reported a blockbuster fiscal Q3 with $41.456 billion revenue, up 345.72% year-over-year, driven by strong demand for AI-related memory products like HBM4. It achieved an 84.6% gross margin and expects even stronger Q4 results, sign...
Intel reported its strongest revenue growth in over 15 years, fueled by rising AI demand, better manufacturing yields, and improved pricing. The company raised capital expenditure plans due to long-term customer commitments, signaling demand-driven c...
