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Intel Stock Plunges Amid Discounted Equity Offering to Shareholders
Intel Stock Plunges Amid Discounted Equity Offering to Shareholders
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BTCCSquare news:
Intel (NASDAQ:INTC) shares tumbled nearly 7.5% in Wednesday afternoon trading as the chipmaker extended discounted equity offers to major shareholders following SoftBank's $2 billion investment. The move, which mirrors terms granted to SoftBank at $23 per share—below Monday's closing price of $23.66—has sparked investor concerns over dilution.
The U.S. government's potential equity stake in exchange for CHIPS Act funding further exacerbated market unease. CNBC reports highlight growing skepticism among retail investors about preferential deals eroding their position. Intel's strategy risks alienating its base while chasing capital injections.
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