Meta "bringing down" technology stocks? Industry insiders: Misunderstanding of excessive computing power!

On July 2nd, A-share technology stocks plummeted, with sectors such as semiconductors, computing power hardware, and storage chips experiencing significant declines. Taking the "Star Market," where technology stocks are concentrated, as an example, the ChiNext Index and the Science and Technology Innovation Board Index fell by 5.71% and 5.64% respectively. From the market perspective, the sharp drop in A-share technology stocks was attributed to Meta's announcement of selling computing power, which was interpreted by the market as an excess of computing power. However, many industry insiders believe that this interpretation is a misunderstanding, as Meta's sale of computing power does not signify the end of AI capital expenditures, but rather indicates the maturity of the AI infrastructure business model.