Five ways to fund AI. Only two create interest expense
Alphabet, AMD, Intel and CoreWeave raised $52.35bn for AI capacity in 22 days using five instruments. Where each lands on the statements is not the same.
5 primary sources · 1 correctionTicker · 3 articles
Intel (INTC)
Intel coverage connects operating results with changes in capital structure. The dedicated analysis reads the quarterly filing and share-sale documents together, distinguishing operating performance from cash raised through issuing shares. Broader financing research asks why equity proceeds and debt proceeds have different consequences for existing shareholders. The calculations below retain the definitions used in each article.
Last checked Aug 25, 2026 All companies
Where to start
Intel's operating recovery met a $12.5bn escrow charge is the dedicated analysis behind this research file. The articles below distinguish this company’s own results from comparisons and supply-chain context.
How to read these figures
Issued shares and escrow arrangements must be read under their disclosed terms. A financing transaction does not, by itself, demonstrate an improvement in operations. Each group below links to the article that establishes its period, definition and source. These are dated research findings, not current market quotes.
Intel's operating recovery met a $12.5bn escrow charge
Intel's data-centre operating profit nearly quadrupled, but Foundry still lost $2.1bn. An escrowed-share charge explains the consolidated net loss.
6 primary sources · 1 correctionCoreWeave, Boeing and 14 more outspent their cash flow
CoreWeave spent 337% of operating cash flow and Boeing 276%. A screen identifies large qualifying SEC filers whose capex exceeded operating cash flow.
6 primary sources · 2 correctionsFigures we worked out for INTC
Not a data feed. Each of these was calculated inside one of the articles above, from the filings listed at the bottom of this page. The arithmetic is shown so you can redo it — and it is re-run every time this site is built.
| Figure | Value | Arithmetic |
|---|---|---|
| Five ways to fund AI. Only two create interest expense | ||
| Intel's issue price against the prior close | −2.6% | 95 / 97.52 - 1 |
| Intel gross proceeds | $20.00bn | 210526315 * 95 / 1e9 |
| Intel's operating recovery met a $12.5bn escrow charge | ||
| Increase in share count | +20.4% | 5253.49 / 4362 - 1 |
| Data Centre and AI operating income growth | +290.8% | 2474 / 633 - 1 |
| Intel Products operating income, June quarter 2026 | $4,817m | 15139 - 10322 |
| Intel Foundry operating loss, June quarter 2026 | −$2,089m | 5765 - 7854 |
| Consolidated operating income reconciles | $1,796m | 16128 - 14332 |
| CoreWeave, Boeing and 14 more outspent their cash flow | ||
| Intel ratio | 1.51× | 14646 / 9697 |
| Intel capex change Y/Y | −38.8% | 14646 / 23941 - 1 |
9 figures from 3 articles. Totals and industry averages that belong to no single company are not listed here.
Company-specific SEC sources
- Intel Corporation — prospectus supplement, 12 August 2026 (424B5)210,526,315 shares at $95.00 · gross $20.0bn · proceeds before expenses $19.67bn
- Intel Corporation — Form 10-Q, quarter ended June 27 2026Escrowed Shares note, derivative liability, warrants, shares outstanding and the Delaware litigation
- Intel Corporation — Q2 2026 earnings release, filed July 23 2026Income statement and the supplemental operating segment tables for both quarters
- SEC company concept API — Intel, OperatingIncomeLossThe quarterly operating income series quoted here, from 2022 to 2026
- SEC company concept API — Intel, StockholdersEquityBook equity of $99,756M at 29 March 2025 and $87,542M at 27 June 2026
- Intel Corporation — Free writing prospectus, August 10 2026The offering was announced at $15 billion two days before it priced at $20 billion
- Intel Corporation — Form 10-K, fiscal year ended December 27 2025Spot-checked: operating cash flow $9.70B, capex $14.65B
7 documents, deduplicated. Only SEC sources explicitly identified with this company are listed here. Broader research sources remain in the linked articles.