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0 0.000928505106778122 0.000928505106778122 -0.00061900340451869 0.000495202723614881 0 -0.00266171463943056 -0.00278551532033437
Stock impact report

Soaring Energy Demand Mints China's Newest Billionaire [Forbes]

Texas Instruments Incorporated (TXN) 
Last texas instruments incorporated earnings: 4/21 04:01 pm Check Earnings Report
Company Research Source: Forbes
The surging demand for energy to fuel the AI boom has boosted shares of energy storage maker Beijing HyperStrong Technology by almost 500% so far this year, and catapulted the company's founder, Zhang Jianhui, into the billionaire ranks. The 47-year-old, who is HyperStrong's chairman and CEO, amassed a fortune of $2.1 billion that is largely based on his stake in the Shanghai-listed company, according to Forbes estimates. His wife Xu Rui, also 47, is vice manager at the company and indirectly holds a 1.1% company stake through an investment vehicle, according to stock exchange filings. Her shares are worth about 746 million yuan (about $105 million). HyperStrong is benefiting from a burgeoning market for its products as development of AI-related technologies leads to soaring energy demand, Shen Meng, Beijing-based managing director of boutique investment bank Chanson & Co., says by WeChat. Shen adds that HyperStrong is also riding on the country's renewable energy boom. As Beij Show less Read more
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