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#MetaSellsComputeTriggersChipSlump
Meta's plan to sell excess AI compute capacity triggered a broad selloff in global AI hardware stocks. Micron and Sandisk plunged over 10%, dragging the Philadelphia Semiconductor Index down 6.27%. Market concerns: if even Meta is offloading compute capacity, has AI compute shifted from scarcity to surplus? The "perpetual shortage" narrative for memory chips is now under pressure. Meta rallied nearly 10%, but its upstream suppliers are now facing a crisis of valuation confidence.