Meta once soared by more than 7%, and the U.S. chip sector narrowed its losses, with Intel, San Disk, Micron, and Qualcomm falling

Meta once soared by more than 7%, and the U.S. chip sector narrowed its losses, with Intel, San Disk, Micron, and Qualcomm falling.

On the evening of the 10th, Beijing time, after the U.S. stock market opened, Meta rose by more than 7% at the beginning and by more than 5% as of press time. Last week, it was revealed that social media giant Meta planned to rent and sell idle computing power, triggering panic about excess computing power and causing a collapse in global chip stocks.

Faced with the question of “excess computing power”, Meta CEO Mark Zuckerberg publicly denied it in an interview.

Zuckerberg said that Meta needs as much computing power as possible, but in the current market environment where the (computing power) resources required for the operation and development of AI products are extremely scarce, he is also considering whether it can bring higher value if part of Meta's AI infrastructure is rented out.

"External quotes for the use of computing power are very high, so in some cases, leasing them or considering this type of cooperation is more reasonable than using them directly for internal use," Zuckerberg said.

At the same time, according to media reports on Thursday, Meta’s internal memo showed that the company plans to start mass production of an artificial intelligence (AI) chip in September this year. According to the plan, the company will increase its overall computing power to 14 gigawatts in 2027, approximately twice the scale of this year’s deployment.

The decline of the U.S. Philadelphia Semiconductor Index once expanded to 2%. As of press time, the decline has narrowed. Intel and Marvell Technology fell by more than 2%, SanDisk, Micron, and Qualcomm fell by more than 1%, and AMD and Nvidia rose by more than 1%. China-Singapore Jingwei Comprehensive Finance Association, public information (

#Stocks #Nvidia #Meta #AMD #Intel