Intel Stock Climbs After Acquiring Classiq

Intel shares rose 4 percent following the announcement of its agreement to acquire quantum software firm Classiq.

Updated on Oct. 27, 2026 in Quantum Computing

Isometric editorial illustration of a silicon wafer and geometric circuitry modules representing quantum computing software development. — Intel shares rose 4 percent on Monday after the company announced its agreement to acquire quantum software firm Classiq. AI Illustration. Upload story photo >

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Intel stock price climbed 4 percent on Monday after the company announced an agreement to acquire Classiq, a developer of quantum computing software. The deal aims to bolster Intel's capabilities in the emerging quantum hardware sector.

Why it matters

By integrating Classiq's specialized software into its manufacturing operations, Intel intends to accelerate the development and scaling of its quantum computing platforms.

Intel projects its server capacity will increase by over 50 percent by 2027. Additionally, the company forecasts server CPU sales will reach $50 billion by 2030.

The players

Intel

Intel is a multinational technology company and semiconductor chip manufacturer that designs and builds the essential technologies for the cloud and data centers.

Classiq

Classiq is a software development firm that specializes in building platforms specifically designed for quantum computing applications.

The details

Intel plans to leverage Classiq's software to enhance its own hardware manufacturing processes. The acquisition is part of a broader strategy to compete in the growing quantum sector, where server CPU sales are expected to hit $50 billion annually by the end of the decade.

Intel shares rose 4 percent on October 26, 2026.
The company expects to increase server capacity by 50 percent in 2027.
Server CPU sales are projected to reach $50 billion by 2030.

The Tech Race

This acquisition represents a strategic shift toward controlling the full software-to-hardware stack in the emerging field of quantum computing. It positions Intel to better compete against rivals by integrating specialized software with its existing silicon manufacturing infrastructure.

Investors may monitor how this acquisition influences Intel's long-term earnings per share targets, which are estimated to reach $7.10 by 2030. For the broader market, this move could influence future server capacity and CPU availability for enterprise technology users.

The takeaway

This acquisition underscores Intel's focus on diversifying its technological expertise beyond traditional CPU manufacturing. Readers should watch for how software integration affects the company's ability to meet its ambitious 2030 server sales targets.