On July 29, the “big bull stock” GigaYi Innovation fell to a standstill again. The stock price was reported at 351.57 yuan/share, which had already retreated nearly 60% from the June 30 high, and the total market value fell back to 247.3 billion yuan. The stock price has been strengthening since 2025, and has risen nearly 7 times as of June 29 this year. According to the news, Changxin Technology was officially listed on July 27. It surged 465% on the first day of listing, ranking first among A-shares in total market capitalization. However, on the same day, Zhaoyi Innovation hit a standstill and closed down by more than 5%. The big debut of Changxin Technology may have, to a certain extent, triggered a capital switch to hype up Zhaoyi's innovative “Changxin Shadow Stock” concept. According to public information, the founders of Changxin Technology and Zhaoyi Innovation are all Zhu Yiming. In addition to the “Changxin Shadow Stock” hype, an important factor that previously supported the steady rise in stock prices of Zhaoyi Innovation was the rise in storage prices, but now this narrative has also faced challenges. According to Morgan Stanley's latest report, the artificial intelligence-driven semiconductor storage industry carnival is nearing an inflection point, and memory contract prices are expected to peak in the fourth quarter, marking a profound shift in the current industry cycle.

On July 29, the “big bull stock” GigaYi Innovation fell to a standstill again. The stock price was reported at 351.57 yuan/share, which had already retreated nearly 60% from the June 30 high, and the total market value fell back to 247.3 billion yuan. The stock price has been strengthening since 2025, and has risen nearly 7 times as of June 29 this year. According to the news, Changxin Technology was officially listed on July 27. It surged 465% on the first day of listing, ranking first among A-shares in total market capitalization. However, on the same day, Zhaoyi Innovation hit a standstill and closed down by more than 5%. The big debut of Changxin Technology may have, to a certain extent, triggered a capital switch to hype up Zhaoyi's innovative “Changxin Shadow Stock” concept. According to public information, the founders of Changxin Technology and Zhaoyi Innovation are all Zhu Yiming. In addition to the “Changxin Shadow Stock” hype, an important factor that previously supported the steady rise in stock prices of Zhaoyi Innovation was the rise in storage prices, but now this narrative has also faced challenges. According to Morgan Stanley's latest report, the artificial intelligence-driven semiconductor storage industry carnival is nearing an inflection point, and memory contract prices are expected to peak in the fourth quarter, marking a profound shift in the current industry cycle.