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AI compute too costly: Is META upending the game?
Last week, Bloomberg reported that $Meta Platforms(META.US) is building a cloud infra biz and plans to lease compute externally.
The single headline slammed Neocloud—an AI hardware vendor heavily exposed to Meta—and kicked off an 'excess compute' narrative. Bearish sentiment spread, and even storage names with the strongest recent fundamentals got hit by panic selling.Bottom line, Dolphin Research thinks: (1) judging by the day’s drawdown, the selloff likely overshot; yesterday’s move looked like a chain reaction in a crowded long tape once signs emerged that a short thesis might be getting validated. (2) At the same time...+9Meta/FacebookHot topic
