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Jennison Adds $107.88M to Intel Shares as CEO Buys More

Intel logoIntel
Sig1.60Sen+2.40Env0.00Soc0.00Gov0.00

Jennison Associates LLC increased its Intel position by buying 772,639 shares worth about $107.884 million in the second quarter, according to a Form 13F filing. Beaird Harris and Allied Private also added shares. CEO Lip Bu Tan bought 105,263 shares on Aug. 11 at an average $95.00, bringing his holdings to 1,314,669 shares. Intel is pursuing an approximately $15 billion stock offering tied to AI infrastructure demand.

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