Shares fell 4% before the bell. <\/p>\n
The chipmaker highlighted physical AI, purpose-built silicon and advance packaging among the major growth opportunities and said it will use the funding to support corporate needs, including capital expenditures and working capital,<\/p>\n
Technology giants have shelled out trillions in recent years to meet insatiable AI demand and the unrelenting infrastructure buildout to support new compute capacity. <\/p>\n
Several megacap tech companies boosted<\/a> their capital expenditures on AI demand this earnings season, with spending on track to hit $765 billion this year and $1.2 trillion in 2027, according to estimates from Goldman Sachs<\/a>. Amazon<\/a> gave the highest guidance<\/a> among the group this reporting period, citing the memory crunch.<\/p>\n Last month, Intel posted its fastest revenue growth<\/a> in nearly 15 years and hiked capital expenditures guidance to $20 billion, citing strong customer demand. <\/p>\n At the time, finance chief David Zinsner said most of the spending would support factory tooling. He told CNBC that the company is bracing for a “meaningful increase” in 2027. <\/p>\n Intel shares have benefitted over the last year from the AI infrastructure buildout and the U.S. government’s 10% equity stake<\/a> aimed at bolstering domestic chip manufacturing. The stock has surged 175% in 2026 and quintupled in value over the last year. <\/p>\n The Intel announcement includes a 30-day option that would allow underwriters to buy an additional $2.25 billion in common stock.<\/p>\n Stock Chart IconStock chart icon Intel stock chart.<\/p>\n![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
<\/p>\n
![\"Bernstein's](\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2026\/08\/108344874-17858760411785876038-47579052946-1080pnbcnews.jpg\")