🎊 Hello, friends! Today I will reveal to you why *ST Zuojiang, a chip bull stock that once claimed to be able to compete with Nvidia, was delisted? 😲

🔬 Delisting Investigation

On November 24, 2023, the China Securities Regulatory Commission initiated an investigation into Zuojiang Technology, a company at risk of delisting.

On January 30 this year, it was reported that its financial information was seriously false and it was suspected of major financial fraud, and its stock price quickly plunged to 6.94 yuan before it was suspended.

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🚀 Glory and fall

Since Zuojiang Technology was listed on the ChiNext, its stock price has remained bullish despite its declining performance. In July last year, its share price once reached 299.8 yuan.

However, the good times did not last long. The number of shareholder households increased by more than 13,000 when the stock price was high, and then entered a period of continuous decline.

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📉 Investor losses

Before the suspension, Zuojiang Technology's total market value fell to 708 million yuan, and its share price fell 97% from its high in July last year, causing huge losses to shareholders.

Lawyer Zhao Jingguo from Shanghai Xinben Law Firm said that damaged investors may be able to claim compensation from the company.

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🌟 Nvidia's road to success

In contrast, NVIDIA, as the world's leading GPU manufacturer, has a far-leading market share through continuous innovation and development.

From the early "three teams - two quarters" R&D iterative model to the launch of the current AI accelerator Tesla P100 and Ampere architecture, NVIDIA has always been at the forefront of the market.

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💡 Investment and Entrepreneurship Lessons

The case of Zuojiang Technology provides investors with valuable market analysis and risk assessment experience, helping them avoid similar traps in future investments; it also reveals to entrepreneurs the key elements for survival and development in fierce competition.

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📢 Conclusion:

Investing requires caution, and starting a business requires foresight! I hope everyone can find their own treasure in the capital market! 😉

#Chip bull stocks delisted#Investmentlessons #Nvidia's success#Technologicalinnovation#Marketcompetition#Financialfraud risk