Svmuu News: "White-Haired Stock Guru" Serenity posted on X expressing agreement with Wells Fargo’s view that the market has completely misinterpreted Meta’s statement regarding the sale of excess computing power. Wells Fargo noted that Meta’s intention to sell excess computing power is a positive signal that underlying AI demand and unit economics remain strong. Wells Fargo noted: “Although Meta is moving forward with this plan, we do not believe this implies that Meta will cut capital expenditures (CapEx), nor do we believe that overall computing power demand has declined.”
Regarding Neocloud, Wells Fargo believes this move actually further validates the enormous opportunities in the AI infrastructure market and highlights the potential for industry consolidation through mergers and acquisitions, even though Neocloud may face some competition in the future.