Software is in decline. It gets slower faster than hardware gets faster (known as Wirth's law). Moreover, software is in decline purpose-wise. We get hooked on software that makes us spend more and more time on it, makes us less focused, and more miserable.
Unfortunately, tech is often associated with software described above, and is, rightfully, hated. At the same time, we live in the future, where we have DNA printers, can have a look at COVID vaccine code online, and can bring back rockets that have been to space.
The stuff I described in the paragraph above does not grow on trees. It's a result of overcoming hard scientific and engineering challenges done by a bunch of people organised together, known as hard tech. It seems to me, that working for a hard tech company is considered to be less prestigious for a CS department graduate. Starting a hard tech startup is also harder (pun intended) as it needs more time and money to do basic research.
I think this is unfortunate as hard tech companies provide a whole bunch of benefits that pure digital startups usually lack: