Intel just dropped a massive $2.3B hardware acquisition after the bell

Intel just announced a definitive agreement to buy Classiq for $2.3 billion to expand their physical chip foundry business and hardware infrastructure stack. Everyone seems exhausted by overvalued software companies burning billions on apps with zero actual profit. This massive cash drop proves that big money is starting to look past pure code and rotate straight back into physical semiconductor assets. Intel reports earnings this Thursday night and they are going to have to lay out the commercial roadmap for this new hardware layout on the call. Are we finally seeing capital rotate permanently away from software and back into physical tech?