Intel’s stock has fallen below the $95 per share price at which the chipmaker raised $20 billion through a public offering earlier this month, as investors weigh the dilution impact on existing shareholders. The stock traded in the $88–$90 range as of late August, down from the offering price set on August 10–11, 2026.

Intel closed its upsized stock offering on August 12, raising approximately $19.7 billion in net proceeds by selling 210.5 million shares at $95 per share, according to Intel’s newsroom and CNBC. The offering was initially announced at $15 billion but was increased to $20 billion, reflecting strong demand from underwriters.

The dilution from the offering is estimated at 4–5% of existing shareholders’…