Intel (INTC) Stock Jumps 4% After $2.3 Billion Bet on Quantum Computing

TLDR Intel (INTC) stock rose about 2% in Tuesday morning trading and was up about 4% later in the day. Intel agreed to buy Israeli quantum software firm Classiq for about $2.3 billion, according to Bloomberg. The deal would make Intel a full-stack quantum computing provider, with both hardware and software. Intel plans to keep Classiq’s software compatible with other companies’ quantum hardware. The deal is expected to close in the first half of 2027, pending regulatory approvals. Intel (INTC) stock rose about 2% in Tuesday morning trading after news of a deal to buy Classiq. Proactive showed the stock up 3.6% later in the day. Intel Corp., INTC Bloomberg reported the price at about $2.3 billion, citing people familiar with the matter.

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