My fintech empire.

Chapter 1239 [The second phase of the Wealth Fund fundraising plan has set off a wave of "savings relocation"]

After understanding this logic, many people realized that Matrix Quantum’s display chips were not intended to be graphics cards for gamers, or that its main customer group is not those who play games.

After Matrix Quantum open-sourced the technology of the second-generation large model, industry insiders once again felt the company's strong technical capabilities.

A few days later, the prices of graphics cards on the market soared, making gamers unable to sit still.

Because they found that suddenly a lot of companies that train large AI models emerged and were buying up graphics cards on the market. During this period, there was another group that also competed with gamers for graphics cards, and that was a group of people who mined Bitcoin, because Bitcoin has started to rise again recently.

Many players who wanted to buy graphics cards found that they were either unavailable or the prices had increased a lot. Some students didn't have much money to begin with, and the sudden price increase made them very upset. The graphics cards they had originally planned to buy were beyond their budget, and for a while many players were cursing on the Internet social forums.

Although Matrix Quantum's computing chips are not the most advanced, orders have come in now. Before, not many were sold because buyers were more willing to choose foreign products such as NVIDIA. Currently, Matrix Quantum's products are indeed lagging behind the most advanced computing chips and display chips.

But now a large number of companies have suddenly emerged to train large AI models, and the demand for computing power has skyrocketed exponentially. Why be picky at this time? It’s good enough to have something to use. It’s better to have it than not to have it. The AI ​​track is slow at every step. The iteration efficiency of AI is increasing exponentially. If you want to do it, you have to do it quickly. Even if you want to use a skin, you have to act quickly, otherwise you will eat shit and can’t catch up with the heat.

Although Matrix Quantum's computing chips are not the best on the market, they are not unusable. Moreover, the price of graphics cards is also rising, which has caused Matrix Quantum's products to eliminate their price disadvantages.

A wave of AI large-scale model training has been set off in the Eastern giant, and manufacturers such as NVIDIA on the other side of the ocean have also benefited from it. Orders from the Greater China market have skyrocketed. After the news came out, NVIDIA's stock price soared by 28 percentage points the next day, directly setting a historical high.

Driven by this trend, Matrix Quantum's stock price has also continued to strengthen, and its market value has soared to 3.3 trillion, setting a historical high.

However, during this AI craze, there are also voices of concern from the outside world. People are speculating that Matrix Quantum may already have more advanced technology. Wouldn’t others be left alone by then?

Many people speculate and firmly believe that since Matrix Quantum has open-sourced the second-generation model, the third generation must be available.

Such voices are getting louder and louder. As public opinion ferments, Chen Yu, the head of Matrix Quantum, directly posted a message on his personal Weibo:
[Artificial intelligence is a blue ocean market with a scale of 10 trillion RMB in the future. Matrix Quantum has never thought of taking over the market. Even if it wanted to, it couldn’t. No one can take over the entire market alone.]

Everyone took a look and thought about it and decided that it made sense, so they could just keep hyping it up and playing with it. The market size was large enough, and even if Matrix Quantum took away the lion's share of the market, the rest would be enough for others to get a piece of the pie.

Then just do it.

Moreover, some shell companies never really thought about doing it, nor did they have any real long-term intentions or plans. They just wanted to take advantage of the current craze and trend to make a quick buck and leave. Why bother with so many things?

……

On Monday, March 3, the three major A-share trading markets opened. After three days of adjustment, the market opened downward again today. The Xinzheng 13 Index also pulled back to around 50 points to test the support of this integer position.

At around 9:45, Fang Hong logged into his personal Weibo account and posted a dynamic message:
[Let me reveal to you guys that the second phase of the Wealth Fund fundraising plan has begun preparations, and it is still planned to raise 2 trillion yuan, of which 1 trillion yuan will enter the secondary investment market and the other 1 trillion yuan will enter the primary investment market. ]

Not long after this brief Weibo post was published, the stock market surged. The SGX 50 Index took off directly, turning positive in less than a minute, and is still rising rapidly.

Even the neighboring main board index was brought up.

This Weibo update from Fang Hongfa is definitely a breaking and major positive news for the capital market. There is no need to doubt the reliability of the news, as God K would not speak carelessly.

Moreover, this news is undoubtedly the most beneficial to the SGX market, because 80% of the funds in the first phase of the wealth fund are stock assets held in the SGX market, and the funds in the second phase will definitely be mainly in the SGX market.

Two trillion yuan of funds will be raised, half of which will enter the secondary market. This is clearly stated, that is, one trillion yuan of funds will enter the secondary market to increase stock holdings. The sudden influx of such a huge amount of incremental off-market funds is definitely good for the stock market.

As of the closing, the Xinzheng 50 Index rose by +1.79% to 2243.48 points, and the trading volume increased to 2782 billion yuan. The daily K-line once again came to the upper track range of high-level adjustment, and it is very close to breaking through the previous high of 2263.76 points to set a historical high.

On Fang Hong’s Weibo account, in the comment section under the latest blog post, more than 80% of the comments are in support of the wealth fund’s preparation for the second phase of fundraising. Many people expressed their eagerness to get on board in the comment section, especially those who participated in the first phase but ultimately did not win the lottery.

The reason why so many people want to get on board is that the returns from the first phase of the Ponzi scheme are so enviable. Most people don’t dare to trade stocks themselves, and they are not reassured about other financial products, as most of them are scams. Many people suffered when Pitupipi went bankrupt and they regretted it.

Looking around, it seems that only the wealth fund under Qunxing can make people feel at ease. The most important thing is the reputation and credit of God K, and the ability of Qunxing is also top-notch.

It has been more than two years since the first phase of the fund raising, and during this period, people have been asking when the second phase will start. Especially those who did not win the lottery in the first phase are eager to know when it will start.

When industry insiders saw the public's strong support, some of them couldn't help but sigh: the public's savings are going to "move" another 2 trillion yuan.

In the eyes of many people in the investment circle, wealth funds, which often raise funds in the trillions, are still funds aimed at the vast middle and lower class masses. Each phase can be regarded as a large-scale "savings move". To a certain extent, it is indeed promoting "savings move". Chinese people have always preferred savings and are also a major savings country in the world.

It's not like there haven't been operations like "savings moving" before, and it's not like there haven't been slogans like Fang Hong's, where so many people responded positively to a single call. It's so easy to raise funds with trillions as the unit, and this ability really makes many people in the industry jealous.

It is no exaggeration to say that the wealth fund is going to launch a new round of fund-raising plans, which will definitely curb the real estate market during this period of time, because to a certain extent, it is actually competing with the real estate market for funds.

Wealth funds are aimed at the middle and lower income groups. If they buy wealth fund financial products, they basically have no extra money to buy houses. In addition, a considerable number of real estate investors are also willing to buy wealth fund financial products. If they do not meet the subscription requirements, they will even find someone who meets the requirements to hold the products on their behalf, such as going to poor relatives.

Although the property market has ushered in a new round of bull market since last year, the returns from real estate investment still lag behind those from wealth funds. With the example of a previous period, the returns here are higher and the risks are even lower than investing in real estate. Investors are of course willing to get on board here.

……

(End of this chapter)