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00:02Intel said it will offer $15 billion in common stock to strengthen its balance sheet and pursue
00:09growth opportunities as demand rises during the artificial intelligence data center boom,
00:14according to Bloomberg. The company said the proceeds will be used for general corporate
00:18purposes, including opportunities in physical AI, purpose-built silicon, advanced packaging,
00:24and external wafers. Intel shares have nearly tripled this year to 101.65 as the chipmaker
00:30works to turn around its business. Intel does not lead in AI-specific chips, but stronger data center
00:36demand has boosted sales of its central processing units. Data center sales jumped 59% last quarter,
00:42more than twice the pace of overall revenue growth. Intel is also working to secure outside
00:47customers for its factories. For all things money, visit Benzinga.com.
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