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Meta "crashed" tech stocks? Industry insiders: Overcapacity in computing power is a misinterpretation.

2026-07-02 12:51:32

Mars Finance News, July 2nd - A-share tech stocks experienced a sharp decline, with sectors such as semiconductors, computing hardware, and memory chips seeing significant drops. Taking the "dual innovation boards," which are heavily weighted with tech stocks, as an example, the ChiNext Index and the STAR Composite Index fell by 5.71% and 5.64%, respectively. Based on market conditions, the plunge in A-share tech stocks stems from market interpretation that Meta's sale of computing power indicates an oversupply of computing resources. However, multiple industry insiders believe this interpretation is a misunderstanding. Meta's sale of computing power does not signify the end of AI capital expenditure; rather, it indicates the maturation of the AI infrastructure business model. (Securities Times)

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