Definitely. And water works well to illustrate that point.
But hyphae are not fluids. They could grow one way or another in a 3 dimensional space. They pick one direction, and as a system they often pick a efficient one.
They are not subject to gravity or whatever force make water runs ( I’m that ignorant … )
Unlike water, they also focus their forces when a resource is found, the rest of the network stop searching and redirect effort toward food.
That makes it … alive for a start. And remarkable.
But I’m with you that jumping on the « intelligence » thing is weird.
I would say It’s more like plant finding the perfect orientation to optimise photosynthesis .
Plants are not genius. But they do process information in some way that is efficient and act on it.