Today’s Top Stories: Intel Raises $15 Billion, Meta Goes Big on AI and JPMorgan Lifts S&P 500 Target

TLDR

• Intel plans to raise $15 billion through a new share offering to fund its manufacturing turnaround
• Berkshire Hathaway rose after strong results and signs new CEO Greg Abel is deploying cash reserves
• Barrick Mining fell on weak earnings despite high gold prices, but secured a $1.95 billion Newmont deal
• Meta launched a new open-weight AI model as part of its push into artificial intelligence
• JPMorgan raised its S&P 500 year-end target to 8,000, citing strong earnings and AI investment

Intel is raising roughly $15 billion through a new share sale. The chipmaker plans to use the money to fund its ongoing manufacturing expansion as it tries to compete with Taiwan Semiconductor Manufacturing Company in advanced chip production.

The share offering caused Intel stock to dip on dilution concerns. Intel has still had a strong 2026, driven by optimism around its restructuring and growing demand for AI-related computing.

Berkshire Hathaway Rises on Strong Results

Berkshire Hathaway climbed after posting better-than-expected operating results. New CEO Greg Abel also showed signs he is willing to put the company’s large cash reserves to work.

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