Vast amounts of cash get moved from Investors to Big Tech via equity and debt sales to be spent in the real economy. With today’s announcement, Intel is becoming the latest tech company to sell shares at extremely high prices. That’s the opposite of share buybacks. Intel was one of the share buyback queens, having incinerated $94 billion on share buybacks between 2008 and Q1 2021, when it stopped the practice. In addition, Big Tech is using cash already on the balance sheet, and using cash flow.