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On December 9th, Bloomberg delivered a report stating that chip - maker Moore Threads made its debut on the Science and Technology Innovation Board last week. On its very first day of trading, the company's stock price skyrocketed by 425%. This remarkable surge propelled its market capitalization to nearly $40 billion, giving rise to a cluster of billionaires within China's AI industry. According to the Bloomberg Billionaires Index, Moore Threads' CEO, Zhang Jianzhong, who is a former high - ranking executive at NVIDIA, owns shares valued at over $4.3 billion (roughly equivalent to 30.4 billion yuan). Moreover, the company's Deputy General Manager Zhang Yubo, Director Zhou Yuan, and Deputy General Manager Wang Dong have also amassed fortunes that soar into the billions of dollars each.
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