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Intel, with its prominent brows and large eyes, plunged nearly 30% in a single day—were there warning signs all along? More than two months ago, Intel may have anticipated the bubble, issuing a massive public offering at the peak. It raised $23 billion by issuing 242 million shares at $95 per share, pouring all the proceeds into... Meanwhile, previous private placements to the U.S. government, SoftBank, and NVIDIA were priced at just over $20 per share.

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