Tech stocks today: Meta lays out new AI path, Intel to sell $15 billion in stock
Tech stocks were pressured in early trading as investors digested two major company-specific developments: Meta CEO Mark Zuckerberg outlined a new open AI strategy centered on “AI for all,” including an open-weight model called Muse Glimmer, while Intel said it will sell $15 billion in common stock to fund growth tied to AI demand. Meta’s message reinforces its long-term commitment to open-source AI, which may support strategic positioning but also highlights the intensifying competition in AI platforms. Intel’s equity sale is a near-term dilution and capital-raising event, even as management frames it as investment in future growth. The broader tone is mixed for the sector: META gained modestly, while INTC fell sharply on the financing news. The article also notes upcoming earnings from Supermicro and CoreWeave, keeping attention on AI infrastructure spending and semiconductor demand.