White-haired stock guru Serenity agrees with Wells Fargo's view: Meta selling excess computing power is a strong signal of robust AI demand

Odaily Odaily reported that White-haired stock guru Serenity posted on X, agreeing with Wells Fargo's view, believing that the market has completely misread Meta's statement about selling excess computing power. Wells Fargo stated that Meta's intention to sell excess computing power is a positive signal that underlying AI demand and unit economics remain strong. Wells Fargo noted: "Although Meta is moving forward with this plan, we do not believe this means Meta will cut capital expenditures (CapEx), nor do we think overall computing power demand has declined."

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