Meta "drag down" tech stocks? Industry insiders: computing power surplus is a misinterpretation
Odaily reported that A-share tech stocks experienced a sharp decline, with sectors such as semiconductors, computing hardware, and memory chips suffering significant losses. Taking the "dual-innovation boards," where tech stocks are concentrated, as an example, the ChiNext Index and the STAR Market Composite Index fell by 5.71% and 5.64%, respectively. From a market perspective, the sharp drop in A-share tech stocks stems from news that Meta is selling computing power, which the market interpreted as a sign of overcapacity. However, multiple industry insiders believe this news is a misinterpretation. Meta's sale of computing power does not signal the end of AI capital expenditure; instead, it indicates that the AI infrastructure business model has matured. (Securities Times)
