I can't help but say a few words.

Many people say Meta rents computing power, not because the demand for computing power has decreased. It's because Meta itself is incapable of doing AI.
If you look at this from the perspective of the entire industry, the logic is not like that.
Whether or not you can do AI well—looking at the landscape today, it's actually very clear.
Winner takes all. There are only a few companies. Other companies have already lost in this track. So selling equipment or renting computing power is normal.
Why did prices skyrocket before? Because to seize the track, you had to spend more money, so hardware prices naturally went through the roof.
When the track stabilizes, only a few AI companies are actually using this hardware. Ultimately, hardware pricing will shift from the seller's hands back to the buyer's hands.
If you are Open AI, and most of your competitors are dead,
would you still buy hardware at high prices?
If you are Meta, knowing you've lost, you can only rent computing power. Would you buy computing power at high prices?
The financial market has always been about trading the future.
So this wave, storage prices plummeted.
Meta surged then fell back.
Apple dropped sharply then rebounded.
Looking at these together, it all makes perfect sense.