Intel Sold $20 Billion of Stock at $95 a Share. It Now Trades Below $93.

Intel raised approximately $23 billion through a stock offering priced at $95 per share on August 10, 2026, with strong institutional demand causing the deal to grow from $15 billion to $20 billion. However, the stock has since declined to below $93, leaving investors from the offering underwater. The company cited strong AI demand as justification for the capital raise, but the market is now demanding proof through future earnings before returning the stock to the offering price.