黄仁勋都要笑醒了：融资80亿，75亿去理财，拿钱不办事？到底谁是韭菜？

Group 1 - The core issue revolves around the unexpected decision of the company to allocate 7.5 billion for "cash management" shortly after its IPO, raising questions about the appropriateness of such spending [3][5] - The company, established in less than five years, is positioned as "China's first GPU stock," with its founder having a background at NVIDIA, which has attracted significant investor interest [4][5] - The initial public offering (IPO) saw a dramatic surge in stock price, with a 470% increase on the first day and a market capitalization exceeding 440 billion, indicating a market driven more by narrative than fundamentals [5][6] Group 2 - Investor disappointment stems from a perceived disconnect between high expectations for the company and its decision to prioritize cash management over immediate R&D investments [6][9] - The capital market values not just compliance but also the commitment to innovation, and the company's actions have created a sense of dissonance regarding its ambitions to compete with industry leaders like NVIDIA [7][9] - The broader market trend shows a shift where companies may prioritize rapid fundraising over substantial R&D, potentially undermining long-term technological advancement [8][10] Group 3 - The company faces a critical challenge of maintaining investor trust by demonstrating tangible technological progress rather than relying solely on capital to buy time [9][10] - As the excitement fades, the focus will shift to measurable performance indicators, such as computational power and ecosystem maturity, rather than past financial decisions [10] - The ongoing narrative suggests that the real risk lies in over-reliance on market hype without delivering on technological promises, highlighting the need for a clear strategy moving forward [10]