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The Economic Times

Business

Kumar Gaurav

Intel shares drop 5% after announcing $15 billion offering to support AI growth

Semiconductor Intel Corporation

Shares of Intel Corporation fell 5.24% to $96.32 on the Nasdaq on Monday, August 10, after the semiconductor designer and manufacturer announced a $15 billion underwritten public offering of common stock.

At the last check, the stock was trading 4.13% lower at $97.45. During Monday's session so far, Intel shares have moved in the range of $98.96 to $96.31, exchange data showed.

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