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Intel Stock Dips 1% on $900M Mobileye Share Sale Amid Liquidity Concerns
Intel Stock Dips 1% on $900M Mobileye Share Sale Amid Liquidity Concerns
20
2
BTCCSquare news:
Intel shares slipped 1.06% to $23.34 following the announcement of a $900 million divestment from its Mobileye stake. The move, which could net nearly $1 billion including underwriter options, reduces Intel's ownership below 80% and raises questions about the chipmaker's liquidity position as it navigates foundry losses.
Mobileye maintains its growth trajectory with a projected 15% revenue increase for Q2 2025. Intel's market capitalization now stands at $101.79 billion—a far cry from its dot-com era dominance. Goldman Sachs and Bank of America will manage the offering, with Mobileye repurchasing $100 million worth of shares.
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