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 AI-driven chip demand. The move follows Meta’s unveiling of its AI strategy, including a new open-weight model for user devices.
Meta CEO Mark Zuckerberg emphasized decentralized AI development, contrasting with calls for centralized control. Intel’s stock sale aims to capitalize on surging demand for its chips, while Meta’s Muse Glimmer model reflects broader industry shifts toward accessible AI tools.
Shares of both companies dipped in premarket activity, reflecting investor caution ahead of earnings reports from Supermicro and CoreWeave after Tuesday’s close.