Meta “crashes” tech stocks? Industry insiders: The claim of overcapacity in computing power is a misinterpretation

Odaily Odaily reports that A-share tech stocks have experienced a significant decline, with sectors such as semiconductors, computing hardware, and memory chips seeing substantial drops. Taking the “dual-innovation board,” where tech stocks are heavily concentrated, as an example, the ChiNext Index and the Science and Technology Innovation 50 Index fell by 5.71% and 5.64%, respectively. According to market conditions, the sharp drop in A-share tech stocks stems from Meta’s announcement of selling computing power, which the market interpreted as an overcapacity of computing resources. However, multiple industry insiders believe this interpretation is a misunderstanding. Meta’s sale of computing power does not signal the end of AI capital expenditure; instead, it indicates the maturation of the AI infrastructure business model. (Securities Times)