A couple of days ago, I wrote an article titled 'Meta Sells Computing Power, Chips Crash for Two Days'.

You probably still remember the gist: news broke that Meta was planning to rent out its excess computing power. The market panicked, thinking 'capital expenditure is about to peak', causing hot semiconductor stocks like Micron and SanDisk to plummet for two consecutive days. My take in that article was — don't panic, capital expenditure hasn't stopped, it's just starting to 'be selective'. One piece of evidence I cited was Meta's subsequent move to plan spending tens of billions on developing its own chips.

After the article was published, a reader in the comments section slammed the table:

$Meta Platforms(META.US)$Micron Tech(MU.US)$Broadcom(AVGO.US)