Intel’s $15 billion stock offering and Meta’s AI expansion drive early tech sector declines in Monday trading.
Tech stocks retreated in early trading Monday after Intel announced a $15 billion common stock sale to fund growth amid rising AI-driven chip demand. The move follows Meta’s unveiling of its AI strategy, including an open-weight model for user devices.
Meta CEO Mark Zuckerberg outlined a vision for decentralized AI, opposing centralized control of superintelligence. Intel’s stock sale contrasts with recent earnings reports expected from Supermicro and CoreWeave, set for Tuesday after the bell.
Markets reacted with modest declines, reflecting investor caution over capital-raising efforts and AI competition.