Black technology: a super empire spanning two worlds

Chapter 106 [The world's richest man was born before he was 30]

On Thursday, Lingjing Technology's share price opened at 27.34 yuan, up 20.02% from the previous day, and hit the daily limit again, marking three consecutive daily limit increases. The share price continued to hit historical highs, and the market value rose to 23731.12 billion yuan, approaching the first place in the A-share market.

Currently, the stock with the largest market capitalization in the A-share market is Maotai, with a market capitalization of approximately 2.4 trillion yuan.

After the market opened at 9:30, Lingjing Technology's stock price opened with a daily limit and quickly plunged more than 10 percentage points. However, it did not fall further. Around 10 o'clock, it turned from weak to strong and hit the daily limit. The trading volume on that day increased to 471 billion.

The next day, Friday, the last trading day of the week, Lingjing Technology opened low in the morning and quickly fell to -5.16%, but it did not stay underwater for long. It began to rise after just one minute, and three minutes later it went deeper to the zero axis and turned red and rose.

It then began to gain strength again, with both volume and price rising all the way.

At around 9:55, major market software pushed the following message:
【Lingjing Technology has been listed for four consecutive days, with its share price reaching a record high of 32.81 yuan. Since its rise from the stage bottom of 12.78 yuan, it has accumulated a rise of +156.73%. Its total market value of 28479 billion yuan has surpassed Maotai to become the No. 513 A-share stock by market value, and its current trading volume exceeds billion yuan】

At this moment, Lingjing Technology's popularity index is undoubtedly number one. Its popularity has reached its peak and the entire market is discussing it hotly.

[The first stock on the Growth Enterprise Market? You look down on my Lingmu stock, don’t you?]
[Awesome, total market value of 2.8 trillion, topping the A-share market, Maotai finally came down, a winery has dominated the A-share market for so long, look at Lao Mei, the market value of the first stock and even the first few are high-tech companies.]
[This is a historic day, destined to go down in the history of Big A.]
[Congratulations to the Spirit King on ascending the throne!]
[Now he can no longer be called the Spirit King, but has been promoted to the Spirit Emperor! ]
[The powerful Spirit Emperor is so terrifying (Shiba Inu.jpg)]
[This is really outrageous. A trillion-dollar large-cap stock has been hitting the daily limit for 20 centimeters, which is even more outrageous than a monster stock.]
[No way, this is the value of the king of materials in the 21st century. Lingjing Technology has monopolized the mass production technology of graphene. If it weren’t for the daily price limit of the A-share market, it would have doubled your money within one day.]
[Not only is the main business amazing, Lingjing Technology's AI technology is also far ahead. I think it's not too much to see a company like this with a market value of 1 trillion US dollars, which is equivalent to a market value of 7 trillion.]
[I just bought it on Monday, and now it has doubled. Should I sell it?]
[Anyway, no matter where I sold them, I sold them all without exception, and I regret it.]
[Sell a few, I will hold on to one share for a long time, you can do whatever you want.]
[By the way, Brother Xiao’s net worth has also skyrocketed. He holds 51.03% of the shares, which corresponds to a market value of 1.45 trillion.]
[The youngest richest man in the history of China, the first and currently the only super-rich man in China whose net worth has exceeded one trillion, awesome!]
[Converted to US dollars, it is 2125 billion US dollars, which has surpassed the world's second richest man Jeff Bezos and is second only to Elon Musk's 2190 billion US dollars. Damn, doesn't that mean that if Lingjing Technology rises 3 points next Monday, it will surpass Musk and become the new world's richest man?]
[The world’s richest man at the age of 29, damn!]
……

The company's stock price has skyrocketed by more than double, and Xiao Yu is definitely the biggest beneficiary. Although it is only paper wealth, it is indeed incredible.

His nominal net worth soared to a terrifying 1.45 trillion in just one week, which is extremely close to the world's richest man Elon Musk. He is one of only two super-rich people in the world with a net worth of more than 2000 billion US dollars.

After the weekend, it’s Monday, August 8th.

At around 10:32 am, Lingjing Technology's stock price once again hit the upper limit for five consecutive days, with the stock price hitting a historical high of 39.37 yuan, and the market value soaring to 34173.16 billion yuan.

The last time a stock in the A-share market exceeded 3 trillion yuan was last year when Maotai surged above 2600 yuan.

Xiao Yu's net worth also soared by 20% again, soaring to 17438 billion, equivalent to 2550 billion US dollars, surpassing Elon Musk's 2190 billion US dollars. At the age of 29, he became the new world's richest man and the youngest world's richest man in history.

At this moment, the news that the world's richest man has changed hands has become a hot topic.

Thousands of netizens went to Xiao Yu's Weibo to send congratulatory messages, showing that people are not hostile to the rich, but are quite happy about it.

At 11:29, just before the last minute of the morning trading session, Lingjing Technology, which had been firmly holding the daily limit, suddenly collapsed at the last minute.

During the lunch break, there were rumors that the exchange's managers intervened and gave window guidance. The village believed that the surge in Lingjing Technology was a serious abnormal fluctuation, and directly gave window guidance to some institutions to sell. This rumor was not a rumor, but many institutions really received window guidance, and even some retail investors received text messages from brokerage firms.

Because the village has been afraid of rising prices for a long time, Lingjing Technology's current market size has reached 3.4 trillion yuan. Even the ChiNext Index has been raised to 3280 points by Lingjing Technology alone. You should know that in April this year, the ChiNext Index once plummeted to 4 points.

If the weight coefficient of Lingjing Technology is removed, the ChiNext Index should now be around 2790 points.

The villagers believe that risks arise from rising prices. As long as the price does not rise, there is no risk. If there is a risk, they will be held accountable and may even lose their Wusha hat. For them, this is the risk. In the eyes of the villagers, it is best for the market to always be at 3000 points.

As for whether investors make money or not, it is never something they consider.

Moreover, Lingjing Technology has been surging since it hit bottom last year, but it has not yet been included in the CSI 300 Index or the Shenzhen Component 100 Index.

The reason is that this stock has risen too sharply, and now the market cap is also incredibly large. With such a rise, if it is added into the index components, the index will not be able to suppress it.

This is what the ChiNext Index does. Everyone in the village is now considering whether to lower the weight coefficient of Lingjing Technology in the ChiNext Index.

When the market opened at 13: p.m., the share price of Lingjing Technology plummeted, and at the same time a huge amount of capital was released. Large funds began to dump the market frantically, including many short-term profit-making funds that also began to flee, causing the stock price to fall all the way, and each time it rose, it was smashed down.

At this moment, a retail investor saw a text message from a brokerage firm warning of the risks of Lingjing Technology. He didn’t care whether the other party could see it or not, and he replied angrily with a text message:

【Fuck! Why don’t you say anything about the losing stocks? You only let the stocks fall and not rise, you only let retail investors lose money and not make money, right? Fuck, I want to buy Lingjing Technology, so what? I am happy to lose money, so what? I can do whatever I want with my money, why do you care? Lingjing Technology has risks? Fall? I hope it falls a little more, the more it falls, the more I buy, fuck you, if you send such text messages again, I will cancel my account, fuck! 】

"I have a bad temper..." The retail investor replied with a cursing message and threw the phone aside.

He bought Lingjing Technology when the third board was opened, at a cost of 25 yuan. He had made a profit of +57.48% when it hit the daily limit today, and now has a profit of 49 points.

However, he had no intention of selling at all. Not only would he not sell, but he also planned to increase his position when the price dropped, because he only held two positions now. This retail investor planned to hold for a long time. He had great confidence in Xiao Yu, and he firmly believed that Lingjing Technology would definitely exceed 1 trillion US dollars in the future, or a market value of 7 trillion.

The high-tech giants in magnesium stocks have a market value of one trillion US dollars or even two trillion US dollars.

Lingjing Technology has the leading AI technology in its left hand and monopolizes the world in graphene material mass production technology in its right hand. Why can't it have a market value of 1 trillion US dollars?
……

(End of this chapter)