Tech Stocks Show Mixed Results Amid Intel Stock Sale and Apple Concerns

US stocks showed mixed results as Intel initiated a $15 billion stock sale to capitalize on its rising share price driven by earnings recovery momentum. The company plans to use the funds to expand its contract semiconductor manufacturing business.

Apple's shares fell 1.3% after Jefferies downgraded its rating from 'Hold' to 'Underperform' due to concerns over the development of an all-glass iPhone model, which was initially slated for release in September 2027.

Meta unveiled a new AI model called 'Muse Glimmer', designed to run on Macs and PCs with a single graphics card. The company's CEO Mark Zuckerberg advocated for relaxed U.S. regulations on open-source AI to compete effectively with Chinese rivals.