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Story summary
- Intel increased its secondary offering to $20 billion, pricing shares at $95 and raising net proceeds to $19.7 billion.
- Following the upsized offering, Intel’s Q2 2026 revenue rose 25.42% YoY to $16.128 billion and EPS $0.42 beat estimates.
- Intel shares rose to $102.15 on August 12 2026, up 176.8% YTD and 368.3% year-over-year.
- Jim Cramer said the AI data-center trade rebounded after Intel’s upsized offering.
