The Shanghai Composite Index fell by 9%, which is even more dramatic than the 3,212 stocks that hit their daily limit down on February 3, 2020.
Even with the overall market downturn, Kechuang Bio remained firmly locked at its daily limit, with an extremely low turnover rate, not exceeding 0.5%.
Capital isn't stupid; at such a critical juncture, the scarcest resource is certainty.
Why do we often see the word "certainty" in the public speeches of senior fund managers?
Because the A-shares are neither pure value investing nor pure speculation, for a seasoned fund manager who manages money for investors, pursuing returns is not the primary goal.
The more experience one has in this market, the more respect one has for it. Their primary goal is to minimize drawdowns and prevent investors from experiencing losses.
Under this goal-oriented approach, certainty is naturally the most important factor for a company.
Private equity funds operate on a completely different level, with numerous variations, and many private equity funds take a very unconventional approach.
In this context, where all capital is unsure where to go and there is no authoritative voice to tell everyone the extent to which Kechuang Bio's virtual reality technology can achieve.
What form will the products that Kechuang Bio will release this year take?
Given these unknown circumstances, Kechuang Bio, as the instigator of all this, possesses the greatest certainty.
At noon that day, Eastmoney summarized its findings with just one sentence: "Science and Technology Innovation Biotechnology has completely turned the tide, and with one whale born, all things fall."
The title on Xueqiu's official WeChat account the night before was:
"US stocks plummeted, with the Nasdaq index losing 2,000 points in a single day! Panic has reached its peak."
With a different title, it can be used for the big A the next morning.
The stock forum for Kechuang Bio was quite popular at the beginning, but it has remained relatively lukewarm ever since.
Among the more than 4,000 stocks in the market, its popularity on the stock forum has consistently ranked around 50th.
After all, the price per share of Kechuang Bio is too high, and it is listed on the Science and Technology Innovation Board, so there are very few retail investors who can participate.
This is similar to why the stock forum for Kweichow Moutai isn't very popular.
However, in the last two days, its popularity has soared to the top spot.
It was filled with the wails and denunciations of shareholders who had been cheated out of their money.
How should we evaluate Kechuang Bio's claim today that it will release a true virtual reality product this year, and name it after the future?
The global capital market crash caused by the innovative biological products has made this question the top trending topic on Zhihu.
"Thank you for the invitation. There is still relatively little information available from the official perspective."
Many things are impossible to judge.
First of all, whether it was the US stock market, the stock markets of various European countries last night, or the stock markets in the Asia-Pacific region that opened today, they all plummeted.
There was no negative news about it.
Given the previous continuous decline in both Chinese concept stocks and domestic semiconductor stocks, it's clear that Kechuang Bio's so-called real virtual reality device is not just a gimmick, but a genuine product.
This product will completely change the current internet ecosystem.
It is highly likely that most of the sensations will be transmitted directly from the device to the user's brain.
That's why the capital market reacted so enthusiastically—it's beyond enthusiastic; it's more like a volcanic eruption.
However, the strange thing is that both domestic and foreign semiconductor companies are experiencing a sharp decline.
Including the upstream suppliers of Kechuang Bio's brain-computer interface VR, none of them have come forward to claim that they are supplying virtual reality devices that Kechuang Bio will release this year.
In other words, Kechuang Biotechnology's virtual reality equipment has no suppliers and does not use chips.
This is the core logic behind the complete collapse of the semiconductor industry.
This is incredible; it completely contradicts my existing understanding. I can't quite imagine what kind of technology could create the virtual world in movies and TV shows without using semiconductors.
DeepBlue Bio's biocomputer technology doesn't seem to be that advanced.
Another very important point is that in a virtual reality world, both storage and network requirements far exceed those of current networks.
For example, watching videos requires about 10MB of data to run smoothly, while VR videos require about 100MB.
If it's true virtual reality, involving the transmission of touch, taste, and smell, I estimate the network speed requirement would need to be multiplied by at least ten.
Given the current state of China's network infrastructure, it is unable to support this demand.
Moreover, there have been no reports of any technological breakthroughs in the field of communications.
Therefore, there are many doubts, both from the perspective of the supply chain and the communication level.
Furthermore, let's assume this is true: all the traditional internet giants will be wiped out.
Hardware manufacturers, from Apple to Samsung to Sony, and domestic brands like Xiaomi, OPPO, Vivo, and Honor, will all face the same fate of being ruthlessly eliminated by the times, just like Nokia.
With the connections between Lei Jun and Zheng Shen, Da Mi might be able to survive, but it will also face a very dramatic transformation.
For the semiconductor industry, virtual reality devices that do not use silicon-based chips are a huge boon for China, a severe blow for America, and a catastrophic disaster for Korea and Taiwan.
I watched the product preview video that Kechuang Bio posted on its official Weibo account several times.
The white sphere that Miaomiao was holding was very different. It didn't have the texture of plastic or any kind of metal, and it was also difficult to wear on her head.
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!
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