My fintech empire.

Chapter 1247 [The elephant dances, and investors are amazed]

Today, technology stocks are the leading force in the three major A-share trading markets. No other sector can compete with them. Anything related to concepts such as AI computing power, chips, and big data can rise.

The semiconductor sector directly set off a surge in daily limit prices, and the intraday increase of semiconductor ETT was directly pushed to +9.79%, directly hitting the daily limit.

On the Singapore Exchange next door, the SGX 50 Index regained the 2300 point mark in the afternoon. A large positive line directly reversed the previous four consecutive negative entity adjustments. The SGX 50 Index also led the main board indices of the two cities.

This is understandable. Today is a short squeeze for technology stocks. There are both super large-cap stocks like Matrix Quantum and a series of small-cap stocks. Eighty percent of the listed companies on the SGX are technology companies.

As of the closing, the three major trading markets all closed in the green on the first trading day after the holiday. The Shanghai Composite Index rose by +1.48% to 3270.30 points, with a turnover of 2832 billion yuan; the Shenzhen Component Index rose by +1.90% to 10627.13 points, with a turnover of 3431 billion yuan, and the SZSE 50 Index rose by +3.83% to 2330.22 points, with a turnover of 4043 billion yuan.

The transaction volume of the three major trading markets today totaled 10306 billion, breaking the trillion mark, and the transaction volume of the SGX market was far ahead of the Shanghai and Shenzhen stock markets. In addition to Matrix Quantum, which was immediately capped at the daily limit at the opening, the trading volume of both large and small tickets in the SGX market increased, and the volume and price both increased.

Matrix Quantum is definitely the brightest star in the capital market and technology circle. Most investors and analysts believe that if they want to find a company in the world that can replace Xingyu Technology, which currently ranks first in the world in terms of market value, Matrix Quantum is the one with the most potential.

In terms of high-tech alone, it has the strength to compete with others, and Matrix Quantum has an ability that Xingyu Technology does not have. Everyone has not forgotten that this company was originally established as a non-bank financial company. Its quantitative trading model is unique and is its own special skill. In addition, Matrix Quantum has the nickname "Little Stars" given by people in the industry.

However, in order to be listed on the SGX market, the company name was changed from "Quantitative Capital" to the current "Matrix Quantum", and the financial investment business was classified as a marginal business, making the technology business the company's main business.

However, the financial business has not been left behind. This so-called marginal business has a strong ability to make money. In terms of revenue structure, Matrix Quantum's most profitable business is precisely this so-called marginal business. It is with this marginal business that the R&D expenses of its technology department are "supported". The title of "Little Stars" given by shareholders is well-deserved.

Chinese people have always been very good at giving nicknames.

For a company like this, its current market value of 3.69 trillion seems to be quite different from that of Xingyu Technology, but it really has the greatest potential to surpass Xingyu Technology.

What is even more shocking is that the two technology giants, Matrix Quantum and Star Technology, are actually subsidiaries of Starry Sky. This shows how powerful Starry Sky Capital is today. It is difficult for people to imagine the enormity of this business empire and it is difficult to have a concrete concept of it.

……

On this side, Matrix Quantum hit the daily limit on the first trading day after the holiday, staging an elephant dancing market, but on the other side of the ocean, in the U.S. stock market, international manufacturers such as NVIDIA and AMD fell from heaven to hell.

In particular, Nvidia's stock price has been on an epic roller coaster ride in the past few days. Yesterday, it rose by more than 20 points and then fell by more than 10 points at the close. Today, the stock price is facing a sharp drop again before the market opens.

The biggest reason for the sharp drop was Fang Hong’s Weibo post.

You don't allow me to sell it? Sorry, I don't want to buy it!
Fang Hong's Weibo post was a huge blow. It directly and clearly stated that the 7 trillion yuan business will be absorbed by domestic manufacturers. If you international manufacturers are not given a share, you will not even have a share.

The biggest logic behind the recent surge in stock prices of companies such as Nvidia is the expectation of an epic surge in orders in the Greater China market. As a result, Fang Hong said that he would not give you the orders. This biggest logical support is gone. It is like just climbing up the stairs and before you can stand firmly, the ladder is pulled away first. The result is predictable, and you will inevitably fall down.

When the U.S. stock market opened in the evening, the share prices of Nvidia, AMD and other companies plunged again. Nvidia had another big negative line today, plummeting by -26%, and its market value fell below US$800 billion, and was locked at US$775 billion after the market.

This stock hit an all-time high yesterday, with its market value soaring to the $1500 billion mark. Today it fell below $800 billion, and it only took two days to be halved.

It was a very detailed interpretation of how one went up and how one came down, without any hesitation.

On the domestic side, Matrix Quantum was in sharp contrast. In the next two trading days, the stock's performance made investors in the A-share market drop their jaws in shock.

On Thursday, April 4, Matrix Quantum's call auction price opened at 6 yuan, and it rose to the upper limit. After the opening, it remained at the upper limit all day. Two consecutive upper limits also pushed the company's market value to above 290.34 trillion.

On the same day, the New Certificate 50 Index also hit a record high with the help of Matrix Quantum, closing up +1.17% after the market to 2357.55 points.

On Friday, April 4, the last trading day of the week, Matrix Quantum once again hit the daily limit, marking three consecutive daily limits. The stock price surged to 7 yuan, and the market value soared to 319.74 billion yuan.

On that day, the Xinzheng 50 Index closed up +1.10% at 2383.46 points, setting a new historical high.

All major stock forums and communication groups were hotly discussing the Matrix Quantum stock after the market closed.

[My eyes have been opened. These three days have really opened my eyes!]
[It is really jaw-dropping that a stock of this size can hit the daily limit three times in a row, or even three times at the same level.]
[I’m on my knees, I can only bow down and worship you.]
[In the more than 20 years since the A-share market opened, I have never seen this kind of growth.]
[Hey, you saw it today.]
[Since I came to SGX, I have been living in fear of rising prices every day... (covering my face.jpg)]
[It’s totally off the mark…]
[In one day, the total market value of Maotai rose by nearly 100%, and in three days, it rose by 100% of the total market value of Agricultural Bank of China. It was too crazy. My friends and I were all stunned!!]
[It is impossible to describe it with words, I can only say, awesome!]
[Will it not directly break through the 5 trillion market value by way of consecutive gains?]
[Mr. Chen's net worth has surpassed Mr. Qin's.]
[This is the fucking elephant dance.]
……

Investors of A-shares looked at the K-line trend of Matrix Quantum, which had hit the daily limit for three consecutive times, and they all bowed down in worship and said that they had opened their eyes.

The surge in Matrix Quantum's stock price on that day also caused the company's founder Chen Yu's net worth to soar, surpassing Qin Feng's net worth. According to the company's latest equity structure, Chen Yu currently holds 12.6% of Matrix Quantum's total share capital, corresponding to a nominal net worth of 5632 billion.

The company's market value has soared, allowing it to climb up the rankings of global listed companies. It now ranks third after Star Technology and Apple.

Xingyu Technology and Matrix Quantum can be said to be the absolute face of the SGX and even the entire A-share market for the first time. The combined market value of these two companies exceeds 10 trillion yuan. It is no exaggeration to say that these two companies have deeply affected the rise and fall of the SGX 50 Index.

It's not just the SGX 50 Index that has an impact on the entire SGX. The combined market capitalization of these two companies accounts for one-third of the current total market capitalization of the SGX. They are definitely the guiding star among guiding stars and the ballast among ballast stones.

……

(End of this chapter)