Reinventing the Millennium.

美东时间11月9日，纳斯达克物理停摆1个小时22分钟，易科股票在剩余的5小时零8分狂涨23.6%，市值收于3178.4亿美元！
If we count from yesterday's after-market and today's before-market, YiKe's stock price has risen by more than 24% in less than 50 hours!

However, this does not seem to be the limit.

Yike’s stock continued to rise after the market closed on the 9th, showing great momentum to continue its conquest.

How much higher can this stock go?
It’s impossible for the market to rise to 4000 billion US dollars after losing the US market, right?

But no matter what, in this day and more, Wall Street was horrified, the short sellers were terrified, and the global financial markets were watching with concern!

The well-known short sellers who were previously active on various platforms, whether Twitter, Facebook, or TikTok, these "short selling masters", "hedge Jordans", "short selling kings", etc., have all fallen silent!

And, the most incredible thing is that this is Yi Ke’s third time!
Someone asked on Twitter: Which company was cut three times by Yike? Except that idiot Paulson.

Paulson was once very successful and was known as the "No. 1 in hedge funds", but now he is only regarded as a "fool", which is really sad.

What is even more sad is that there are rumors that Paulson has gone to Tiantang to conduct research because Tiantang is easier to short than Yike.

The Wall Street Journal published a special report on the evening of the 9th, briefly reviewing the whole process of Yike's short squeeze, talking about the advantages of Yike and Bingxin's systematic development, Bingxin International's more than ten years of hard work, the progress of China's semiconductor industry, BIS's restrictions and long-arm jurisdiction, Yike's lost US market and production capacity dilemma, photoresist research and development and breakthroughs, and the familiar short squeeze...

Just a week ago, the Wall Street Journal reported extensively on Yi Ke and Fang Zhuo, concluding that "Mr. Fang made the biggest mistake in business history."

But today, its reporting was quite objective and it also made fun of last week's reporting.

"Last week, we believed that Yike had no future due to its production capacity dilemma and that Mr. Fang had made the biggest mistake in business history."

"But Yike hit back at everything with its stock price performance today."

"Fortunately, no one cares about what we said. Today, everyone only cares about how much the short sellers lost and how many hedge funds went bankrupt."

"Looking back at what happened in the past year from today, I can only say that Mr. Fang's understanding of the short sellers was extremely accurate. He judged the short sellers morally and financially several years ago by saying 'greed is a sin.'"

"This year, short sellers have been pursuing Yike relentlessly. Even though its market value has fallen from its peak of $4200 billion to less than $2200 billion, short sellers are still building sniper positions, trying to make Yike's market value fall below $2100 billion or even $2000 billion, causing Yike's stock price to collapse completely. This is obviously beyond the rational scope of general short selling!"

“What is the source of this irrationality?”

"I'm afraid that part of the reason is that Yike's previous short squeeze and short squeeze deeply hurt the feelings of the short sellers, making them feel resentful about the meat grinder war that was written into the financial textbooks, thus they became crazy to pursue it to the end."

"Another reason is that Yike's past stock price decline was largely caused by political factors. It did nothing wrong. Such off-market factors made the short sellers overconfident."

"The result of such an irrational pursuit is that Yike's stock price may continue to rise irrationally for a period of time."

"That makes things seem to make sense again."

“Greedy institutions die from greed, and irrational decisions die from irrational short squeezes.”

“To be frank, Mr. Fang is a business leader who is committed to running a good business. His foresight can be seen from the energy he has invested in the upstream and downstream of the industrial chain.”

"But the short sellers keep pestering Mr. Fang and asking him to demonstrate his financial methods again. I'm afraid he can do nothing about it."

"However, the stock market is like this. Without the long-short killing, it cannot be called the stock market. Yi Ke's madness is not the first time, nor will it be the last in the stock market."

"This short squeeze is bound to end with a great victory for Yike, but there are some interesting things outside of the short squeeze, such as Washington will intervene in the investigation of Nasdaq's suspension, the famous Castle Investment Group suffered a run from users, and Yike announced that it would increase investment in Europe."

"Some Silicon Valley business executives who wished to remain anonymous expressed their views to us. Surprisingly, most of them supported Yike and were more willing to see the dismal outcome of the short sellers. They also had deep respect for Yike's breakthrough in the difficult situation."

“I think this is probably what they feel on a business level.”

“It is worth mentioning that as Washington’s decision-making is about to change, Europe has expressed great surprise at the BIS’s inability to restrict Yi Ke, and has also been gloating over the fate of many hedge funds.”

"And, like Sapin who talked a lot about Europe and France in the video call with Mr. Fang, they are very welcoming to companies like Yike that are shifting their focus from the United States to Europe."

"The twists and turns that Yi Ke and Bing Xin have encountered and the breakthroughs they have made in the past two years do not seem to have reached their final conclusion, but this phased reversal seems to have great symbolic significance."

"Short selling and short squeezes at the financial level easily attract everyone's attention, but the deeper changes may be the industrial changes that Yike has proven it can drive."

"For a company with a deep local market, strong scientific research capabilities, and excellent management, there is still a long way to go in terms of what it can do today."

"Well, welcome back Mr. Fang. Thank you for bringing us another crushing match against the short sellers."

When the short sellers once again used their own misery to prove the danger of Yi Ke, like the Wall Street Journal, more people launched public opinion mocking the short sellers.

——How to eliminate short sellers? Watch carefully, I will only teach you once... twice... three times...

——What is a world-renowned mobile financial company?

——When Yike Company encounters difficulties, the short sellers will always be generous!
——The funds for YiKe’s investment in Europe must all come from short sellers!

——Wall Street warns that the rapid rise of Yike stocks will harm the interests of investors. Hahaha, I think the rapid rise of Yike stocks will hurt the flesh of the short sellers.

——Mr. Fang was once ranked second in the world by the fawning media. Now, Aozi is about to step down, and Mr. Fang no longer has any rival for the position of the world's number one president.

——YiKe’s stock price still has a lot of room to go. Just look at the companies that were on par with it at its peak. Now Google and Microsoft have both risen to 5000 billion!

——Mr. Fang’s record in games against disadvantages can be checked.

——Mr. Fang: Short sellers, I am waiting for photoresist, what are you waiting for?
——Mr. Fang: Short sellers, I am waiting for 10nm, what are you waiting for?
—Oh, you are waiting for God.

——The financial God let the short sellers meet the real God.

Yi Ke’s three short squeezes have been widely discussed around the world. There is even a card game that specifically solicits opinions on Twitter and gave Mr. Fang a card.

——Name: Fang Zhuo
——Faction: Monster
——Rarity: Legendary

——Type: Gold Card
——Skills: Ambush, Buff, Duel, Lethal, Domination, Inspire, Back.

——Description: Business tyrant, financial disaster.

——Lines: Hey, the explosion rate of shorts is so high!

However, no matter how the media commented, how retail investors mocked, or how lively public opinion was, the short sellers all lost their voices at the same time, and had no intention of showing up to refute.

On the evening of November 11th, Beijing time, Fang Zhuo met Kong Yu who flew to Luzhou and discussed the current situation and future of Yike stock.

The financial market is a radiation of YiKe’s development at the current stage, but it cannot be cut off. As a price, MIGA funds have absorbed a lot of funds around the world.

"The White House is going to have new people, and the European market is still in danger. Washington was unable to exert effective pressure there this time, but that doesn't mean it will remain the same in the future."

“MIGA funds need to take on a de facto lobbying function.”

"Everyone thinks that the current rise in Yike's stock price is irrational. It is not ruled out that there will be funds waiting for the stock price to fall back in the future. We need institutions to work together to maintain the stock price, and then use Yike's new concept to push up the stock price, attract more funds, and bundle interests to ensure lobbying."

After Yike restores its production capacity and Bingxin and SMIC are able to maintain their competitiveness at this stage, Fang Zhuo does not intend to let Yike's stock price fall too much, but instead continues to push up its market value.

Whether it is the YiKe stock price or the MIGA fund, in his eyes they are just tools and he has to do what he needs to do when it is time to do it.

Kong Yu did not oppose his boss's decision, but he had some doubts: "Mr. Fang, it is easy to maintain and push up the stock price in the short term, but if we lose the US market, can Wall Street accept the new concept? This is a question."

He pondered for a moment and then added: "There is a new risk now. Will the new owner of the White House put more pressure on Yi Ke? Will the geopolitical factors become more intense or eased?"

These will jointly determine Yike’s future stock price and the difficulty of related operations.

Fang Zhuo laughed and said, "On the night of the 9th, I received a call from the newcomer."

Kong Yu was surprised: "Ah?"

Seeing that Mr. Fang didn't continue talking, he couldn't help but ask, "What did you talk about?"

"We congratulated each other on our achievements," Fang Zhuo said calmly. "Then he asked me a question, why didn't I let him invest more money in the first place."

"I say, go to professionals for financial matters, don't ask me."

"He also told me that Yike must invest more in the United States and move its headquarters to New York."

"I say, wait till he's in the White House."

"He said he had two months left."

Fang Zhuo stopped talking here.

Kong Yu asked again: "No more? No more?"

He didn't expect that the boss would have another call like this, which seemed to determine a very important direction for Yike's future.

"There's nothing more to say about the rest." Fang Zhuo shook his head.

"Mr. Fang, any key information may determine the operation of MIGA Fund in certain aspects!" Kong Yu immediately pleaded seriously, "Mr. Fang, anything else?"

Fang Zhuo shook his head again: "There's really nothing else to say, it's just us cursing at each other."

Kong Yu: "..."

He was stunned for a while, and said with mixed feelings: "Mr. Fang, I hope that the recording of this phone call will not be circulated in the future."

"I didn't record it, it doesn't matter. He sounded like he was celebrating and drunk." Fang Zhuo said with emotion, "He wants MAGA. The interests he represents will not slow down Washington's trade. Don't think about it. We just need to do our own thing."

Kong Yu hesitated to speak. He could still fantasize before, but how could he fantasize after all the verbal abuses... And the new guy's style was so atypical...

He thought for a while and said, "Australia's office put pressure on BIS to approve temporary licenses for some American manufacturers."

Fang Zhuo hummed and said calmly, "Let him finish his last shift."

Kong Yu opened his mouth and then closed it silently, accompanying his boss to watch the bloody sunset after the financial battle.

He waited until Lu Qi, the new vice president of Yike, arrived before leaving, and he also had to deal with some procedural matters.

Lu Qi flew from Shanghai. He witnessed Yi Ke's brutal short squeeze on the short sellers and learned more about situations that were previously unclear to him. At the same time, he also understood the greater power that the operation of the entire system could bring.

Yike soared, and short sellers suffered.

As a senior executive who has just joined the camp, it is really difficult for Lu Qi to explain his feelings. He thought it was a timely help, but unexpectedly... it was not that helpful.

The setting sun was still hanging in the sky above the lake, and it would take some time before it sank into the water.

Fang Zhuo did not explain why he had previously concealed key information from Lu Qi. Too much money was involved, and I believe he could understand.

He continued the conversation he had just had with Kong Yu.

"The short selling of Yike was too brutal, and I am still scared." Fang Zhuo looked at the fiery clouds, "So, I have been thinking a lot these days."

Lu Qi didn’t know how to evaluate the boss’s lingering fear. It was really tragic. The short sellers suffered, but Yi Ke suffered…

"With SMIC having 10nm and Bingxin having solved the photoresist problem, we should cherish this hard-earned competitiveness in the manufacturing process."

“SMIC and Bingxin still have many development problems, but at this stage, its manufacturing is competitive globally.”

Fang Zhuo emphasizes phased competitiveness.

When the procedures for SMIC's private placement are completed, Bingxin will be the major shareholder of SMIC. The resources of both sides will be further integrated, and they will have the capabilities to be at the forefront of the world.

However, Taiwan News has confirmed that it will officially introduce EUV lithography machines at 7nm, which will bring new competitive disadvantages.

It has been determined before that Bingxin can use multiple exposures to further expand the process boundaries, but every step of expansion in the future will be difficult.

Therefore, Fang Zhuo believes that we should make full use of the manufacturing advantages at the dual-core stage and use the competitiveness of this manufacturing link to create higher value-added links.

Lu Qi listened to his boss's story and vaguely understood what he meant. He asked tentatively, "Mr. Fang wants the shovel from Nvidia?"

After hearing Mr. Fang reveal the news of Bingxin's acquisition of SMIC, an industrial chain from design to manufacturing to packaging and testing has actually been built.

At that time, he felt that if Yike could solve the problem of photoresist within the next two years and build a larger software and hardware ecosystem, it would have the potential to restore its glory.

But this... was solved in just a few days. This is not a lasting effect, but a competitive advantage that can be used directly!
Fang Zhuo nodded and said what he was thinking: "Yes, the situation is different. Nvidia's shovel is good, and Yike also needs such a concept to consolidate its performance in the financial market."

Nvidia's market value was $177 billion last year, but it has grown to $575 billion this year. According to Wall Street's forecasts, it is expected to exceed $1000 billion next year.

The rise is astonishing.

If Yike needs to maintain and push up its stock price, it doesn’t have to create a brand new concept, but it can take a concept that has already been recognized by the market and that it is capable of implementing.

Nvidia's shovel is very good, and Yike's capabilities from design to manufacturing to packaging and testing can also try such a shovel.

Fang Zhuo had doubts before, but Lu Qi, Elder, and Andrew Ng shared the same view on the prospects of AI. In particular, Lu Qi put forward the “ALL IN AI” strategy.

So, based on the achievements of the current stage and the risks and opportunities faced in the future stage, Yike system needs to slightly adjust the focus of its strategy.

There are two possibilities in the future. One is that competition slows down unexpectedly, and Yike can return to the US market to make up for its lost revenue. The other is that competition continues to intensify, and Yike can only use geopolitics to tap into the markets of US companies such as Nvidia.

After all, when competition intensifies, it will not only affect Yike. Companies like Nvidia and even Intel will also be tested by non-commercial factors, which means there is an important opportunity for Yike to cross fields.

Yi Ke had to take advantage of the situation.

Fortunately, the answers given by Yi Ke at this stage have made good preparations for the next stage.

As the sun sets, the coolness of the lake water invades.

But Lu Qi was very excited because of this discussion with Mr. Fang about the future.

Yike has withstood the test of geopolitical factors, and the time will come to reap the fruits of this factor.

"Mr. Lu, your future work will be of great significance." Fang Zhuo stood up, dusted himself off, and glanced at the completely dim water. "Let's go. I have a conference call tonight and a media interview tomorrow morning."

He bent down again, picked up a small stone and threw it into the lake.

Lu Qi looked at the ripples on the water, thought about the tragic short squeeze of Yike, thought about the company's current performance, thought about the framework and direction of future efforts, and suddenly felt a concrete sense of the excitement of the times.

He turned to Mr. Fang and asked curiously, "Mr. Fang, what is the interview tomorrow? Are you going to talk about this short squeeze?"

"I don't know what's wrong with those short sellers. They have to rush up and die in front of me." Fang Zhuo sighed and shook his head. "People from Time magazine will fly over tomorrow. They will probably talk a lot, not just about finance. Let's go back."

The car broke through the winter night and rushed towards the brightly lit Yuhu Road. (End of this chapter)