$METAX Surging 8.8% to Crush Chip Stocks! Is 608 a Buying Opportunity?

Brothers, a single piece of news about Meta "selling excess computing power" sent its own stock up 8.8% to close at 612.91, but dragged down Micron and SanDisk by over 10%. The market is completely divided—some are shouting "overcapacity in computing power," while others are shouting "opportunity has arrived."

News Side:
Wells Fargo came out to speak: The market has completely misunderstood. Meta selling computing power actually shows that underlying AI demand remains strong, and they won't cut capital expenditures. Overall computing power demand has not declined either. This April, Meta just raised its capital expenditure guidance to $125-145 billion. Which company would do that if it were shrinking?

Data also supports this: Meta's internal computing power utilization rate is about 65%, with 35% idle capacity. Selling idle capacity = improving cash flow = more money to invest in AI. The logic is sound.

Technical Side:
Current price 608. After hitting an overnight high of 628, it has retraced, currently digesting profit-taking.
Upper resistance: 612-615, strong resistance 628.
Lower support: 600, strong support 590-595.

Gongming's View:
Market panic is an opportunity. Wells Fargo's logic is solid. But chasing highs in the short term requires caution; it's safer to wait for a pullback.

Trading Strategy:
Buy in batches on pullback to 595-600.
Take profit: First target 615, second target 628.
The greater the market divergence, the clearer the opportunity.
‍#非农数据倒计时