[Industry Insiders Say 'Excess Computing Power' Is a Misinterpretation, Semiconductor Sector Rebounds] According to a report by Jinse Finance, on July 2, the semiconductor sector rebounded, with ASE Technology rising over 5%, STMicroelectronics and Wolfspeed up more than 3%, ON Semiconductor and Micron Technology gaining over 2%, and TSMC, Analog Devices, and Qualcomm increasing by more than 1%. On the news front, Meta plans to venture into cloud infrastructure services and sell surplus AI computing power resources, sparking market concerns about 'excess computing power.' Analysts pointed out that Meta's sale of computing power does not signify the end of AI capital expenditure but rather indicates the maturity of the AI infrastructure business model. Tianfeng Securities emphasized that the market should not simply interpret Meta's external leasing and sale of computing power as 'AI computing power demand peaking.' More accurately, this reflects Meta's attempt to transform AI infrastructure from a pure cost center into rentable, chargeable, and platformizable assets.