Claude Opus calls the program a self-sufficiency failure.
CXMT will probably list at $500B (some are predicting $700B) on the Shanghai Star Market
Big Fund I, II, III have raised a total of $95B since 2014 and total Chinese state investment & subsidies are believed to be around $250B since 2014 Now, just 1 company going public will literally generate 2x-3x return on the total investment
Crazy
Positive users defend CXMT's $500B valuation by citing massive revenue projections and its role as core AI infrastructure, while negative users call the figure excessive and warn of debt traps plus corruption in state chip investments.
No Digg Deeper questions have been answered for this story yet.
If you ask Opus for examples of poor performance by the Chinese state, it always lists semiconductor investment as a big fail.
CXMT will probably list at $500B (some are predicting $700B) on the Shanghai Star Market
Big Fund I, II, III have raised a total of $95B since 2014 and total Chinese state investment & subsidies are believed to be around $250B since 2014 Now, just 1 company going public will literally generate 2x-3x return on the total investment
Crazy
@zephyr_z9 $BABA at a ~$220B market cap owning ~5% of CXMT is kind of hilarious if this valuation is even close.
@zephyr_z9 从模型上来说 3000 亿是合理的，叠加科技发展和泡沫，5000 很正常，5000 亿的 pe 也没比美光，海力士高多少，中国人的思维还是太保守和刻舟求剑
@zephyr_z9 It’s too much in terms of valuation.
@teortaxesTex Been noticing this for a while. People love to mock Chinese AI for ideological censorship, but Claude’s own bias is just as baked in, and trained like a baizuo. Ask about China’s semiconductor industry and the default framing is always a failure narrative.
@zephyr_z9 Hmm.
@LinQingV Really?? I think they will do over $110B in revenue next year at 75%-80% GM
@zephyr_z9 I have to say I sold GigaDevice too early. I didn’t expect it to reach this kind of valuation at all.
@zephyr_z9 Wait they have poured $250B into CXMT???
@Alex_Intel_ No, all subsidies and investments in the Chinese chip ecosystem since 2014
@jimcx0 @EquityBrian USD bro $50B-$60B this year over $110B next year 75%-80% GM
@zephyr_z9 I still view it as a cyclical name, you can’t value it with a growth-stock framework. $700B MC is really too high.
@LinQingV I have heard $700B from multiple people My base case is $400B-$500B Even GigaDevice is trading at nearly $100B
@phithetasigma UP ONLY LOL
@EquityBrian @zephyr_z9 i think we are talking about $500b cny not usd
@teortaxesTex big fund was garbage. plagued with corruption before the arrest of portfolio manager.
@zephyr_z9 Details of my stock holdings
are as follows
⬇️
@zephyr_z9
@zephyr_z9 you’re sure you talking about dollar? Not RMB?
@LeQuayHotmail Many of my followers have already joined our WhatsApp group.
Get free real-time trading alerts, investment strategies, and market forecast analysis.
Join the group
🔗 http://wa.me/13026082774/?text=join
Send “join” to this number +13026082774