Emotions are shaken, and it’ll take some time to recover. Just as well, the bearish news is forcing profit-takers out. Afterward, we’ll see a limit-up reversal with some divergence and turnover, completing the shakeout and accumulation phase. Today’s sharp drop in the broader market is mainly due to the overnight tech stock sell-off in the U.S. market. There’s news circulating that U.S. tech giant Meta is planning to launch a cloud infrastructure business, commercializing its surplus AI computing power. This has sparked concerns about the supply-demand dynamics of AI computing power and the pace of future capital expenditures, leading to a concentrated sell-off and profit-taking across the global AI hardware and storage chip supply chain. Zuckerberg’s original words: Meta hasn’t sold anything yet because they believe they’ll need the computing power themselves. If they find they’ve overbuilt in the future, they might consider selling it through their cloud business. By the time it got to Bloomberg: Meta is building a cloud business and may sell external computing power and model access. Then Reuters’ headline turned it into: Meta is building a cloud business to sell “excess AI computing power.” The story just kept getting more exaggerated. First of all, Meta isn’t a top-tier company and doesn’t represent the entire AI industry. Secondly, the original meaning was that if Meta has “idle” computing power and someone wants to rent it, they’d consider whether to lease it out. But the bears don’t interpret it that way—they use it as an opportunity to spread the news. With so much profit-taking in tech, even the slightest disturbance leads to cashing out. That’s why Japan and Korea both opened sharply lower today. High-level bearish news—I’m treating it as a shakeout. Just my personal opinion. #AI #Meta #TechStocks #MarketUpdate