Meta, Alphabet and Intel Slip Below Recent Stock Offering Prices
Photo: TokenPost
Shares in Meta, Alphabet and Intel fell beneath recent offering prices Friday, leaving buyers with positions below their purchase prices as the declines may make it harder for companies to raise funds. The Alphabet and Intel developments highlighted doubts about whether companies can sustain massive AI spending and turn it into lasting gains for shareholders. The market has struggled to absorb large AI-related stock offerings, and lower prices could complicate companies' efforts to secure needed funding. That financing concern has also clouded Anthropic's IPO prospects. The company filed an IPO prospectus Oct.
Source: TokenPost
