Why Intel Is Wise to Issue $20 Billion in Stock Right Now

Intel increased its share offering from $15 billion to $20 billion to fund capital expenditures and working capital for its foundry business and data center CPU development. While the ~4% share dilution pressures the stock near-term, the investment should enhance Intel's competitiveness and foundry reputation. Q2 2026 revenue grew 25% year-over-year, suggesting investments are already paying off, though the stock's P/S ratio of 9 is elevated compared to its 5-year average of 3.