White-haired stock guru Serenity agrees with Wells Fargo that Meta selling excess computing power is a strong signal of AI demand

Odaily Odaily: White-haired stock guru Serenity posted on X agreeing with Wells Fargo's view, stating that the market has completely misinterpreted Meta's stance on selling excess computing power. Wells Fargo stated that Meta's willingness to sell off surplus computing capacity is a positive signal that underlying AI demand and Unit Economics remain robust. Wells Fargo noted: "While Meta is moving forward with this plan, we do not see this as an indication that Meta will reduce capital expenditures (CapEx), nor do we believe that overall demand for computing power has declined."

Regarding Neocloud companies, Wells Fargo believes this move further validates the significant opportunity in the AI infrastructure market, while also highlighting the potential for industry mergers and acquisitions, even though Neocloud providers may face certain competitive pressures in the future.