US Stocks Movement | Industry Insiders Say "Excess Computing Power" Is a Misunderstanding, Semiconductor Sector Rebounds

Glonghui, July 2 – The semiconductor sector rebounded, with ASE Technology up over 5%, STMicroelectronics and Wolfspeed up more than 3%, ON Semiconductor and Micron Technology up more than 2%, and TSMC, Analog Devices, and Qualcomm rising over 1%. On the news side, Meta plans to enter the cloud infrastructure services market and sell surplus AI computing power resources externally, sparking concerns in the market about “excess computing power.” According to analysis, Meta’s sale of computing power does not signal the end of AI capital expenditure, but rather indicates the maturity of the AI infrastructure business model. Tianfeng Securities emphasized that the market should not simply interpret Meta's external computing power rentals and sales as “peak AI computing power demand.” More accurately, this is Meta's attempt to transform AI infrastructure from a pure cost center into an asset that can be rented, charged for, and platformized.