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Stockreport

Former AMD Executive Becomes A Billionaire As Shares Of His AI Chip Maker Soar In Debut [Forbes]

NVIDIA Corporation (NVDA)  More Company Research Source: Forbes
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
China's push for semiconductor self-reliance has minted its second billionaire in as many weeks as shares of AI chip maker MetaX Integrated Circuits soared 693% in its Shanghai trading debut on Wednesday, propelling its founder, Chen Weiliang , into the three-comma club with a fortune of $6.5 billion. Video unavailable The 49-year-old chairman and CEO derives his wealth from a stake in the Shanghai-based company, which now sports a market capitalization of over 320 billion yuan ($45 billion), according to Forbes estimates. MetaX raised 4.2 billion yuan from its IPO by selling 40.1 million shares at 104.7 yuan apiece. The company plans to use most of the proceeds for research and development purposes, according to its prospectus. MetaX did not respond to an emailed request for comment. The chip maker's stellar debut comes amid skyrocketing demand for its shares, with the retail portion of the initial public offering oversubscribed by almost 3,000 times. Before the IPO, MetaX r [Read more]
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Stockreport

Former AMD Executive Becomes A Billionaire As Shares Of His AI Chip Maker Soar In Debut [Forbes]

NVIDIA Corporation  (NVDA) 
More Company Research Source: Forbes
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
China's push for semiconductor self-reliance has minted its second billionaire in as many weeks as shares of AI chip maker MetaX Integrated Circuits soared 693% in its Shanghai trading debut on Wednesday, propelling its founder, Chen Weiliang , into the three-comma club with a fortune of $6.5 billion. Video unavailable The 49-year-old chairman and CEO derives his wealth from a stake in the Shanghai-based company, which now sports a market capitalization of over 320 billion yuan ($45 billion), according to Forbes estimates. MetaX raised 4.2 billion yuan from its IPO by selling 40.1 million shares at 104.7 yuan apiece. The company plans to use most of the proceeds for research and development purposes, according to its prospectus. MetaX did not respond to an emailed request for comment. The chip maker's stellar debut comes amid skyrocketing demand for its shares, with the retail portion of the initial public offering oversubscribed by almost 3,000 times. Before the IPO, MetaX r [Read more]
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