The day after Henglong Capital completed the first batch of Nvidia positions, Zhao Chen was in the office reading the transaction summary report sent by Chen Xi.
The average buying price is controlled within the range he previously defined with Investment Decision Committee.
The pace was slower than he expected, and the safety cushion was thicker than he requested.
He signed the approval column on the last page of the report and was about to hand the document to the administrative assistant for filing.
An encrypted video call request from Lin Shicheng popped up in the lower right corner of the computer screen.
New York It's late at night over there.
The lights in Lin Shicheng's office were still on, but the lights in midtown Manhattan outside the floor-to-ceiling windows behind him were already sparse.
His tie was rarely loosened, his shirt cuffs were rolled up to his forearms, and there were several documents spread out on the table.
The top cover has the Nvidia logo printed on it.
"Zhao Zong, Nvidia The investor relations department has just forwarded an invitation letter through the encrypted channel."
He pushed up his glasses and spoke in a steady and solemn voice,
"Huang Renxun sent it myself.
He invites you to visit Nvidia Silicon Valley headquarters for a private meeting at a time convenient to you."
He sent the scanned copy of the invitation letter to the email address of Zhao Chen.
The text on the screen was worded politely and formally--
Invite Mr. Zhao Chen, the actual controller of Times Pioneer Capital, to visit Nvidia Silicon Valley headquarters at the appropriate time,
Communicate with company management team on long-term strategic development.
The signature is, the head of Nvidia's investor relations department, but at the bottom of the formal invitation letter,
There is a line of handwritten notes in English. The handwriting is not neat, but each letter is written very powerfully:
"Your Era Vanguard increased our holdings during the most difficult time for Nvidia. I want to say thank you in person.
In addition, your team told me in advance about the Nvidia stock recently purchased by Henglong. Thank you for your candor.
Looking forward to meeting you.--Jensen."
Zhao Chen looked at this line of handwritten English repeatedly.
Huang Renxun, he knows this person very well.
Nvidia All external shareholders who tried to interfere with his business decisions in history ended badly.
He lacks basic patience for "capital parties that do not understand technology".
Last year at the barbecue game hosted by Elon Musk,
Huang Renxun is willing to sit down and talk to him about the future of Nvidia,
To a large extent, it depends on Elon Musk's face.
But at this moment, he took the initiative to invite Zhao Chen to the Silicon Valley headquarters, not through an intermediary.
Not a brief email reply, but a formal invitation letter,
I also personally added the sentence "Looking forward to meeting you" at the end.
He remembered the information he asked Lin Shicheng to pass to Huang Renxun through the Nvidia investor relations department a year ago--
"Era Vanguard recognizes the long-term value of Nvidia and does not seek to change the company Control,
Do not seek Board of Directors Seat and do not interfere in business decisions."
For more than a year, Era Vanguard has fulfilled this sentence with actions,
Continuously increase holdings during the most difficult period of Nvidia,
Never interfered in any business decisions,
Never made any comments in public,
No proposals have ever been made on Shareholders' Meeting.
Now Huang Renxun mentioned "the most difficult time" in the invitation letter,
It shows that he has seen every transaction record of those who continued to buy during the most panic period of the market.
He picked up the intercom and dialed the number Chen Xi.
"Huang Renxun sent a formal invitation letter through Lawyer Lin, inviting me to meet at the Silicon Valley headquarters.
You compiled the Nvidia core variables that Henglong Research Institute independently tracked into an informal comparison manual,
No need for a beautiful cover, no PPT, just the core data and logic.
It has been sorted and put into a Kraft Paper File Bag."
Chen Xi was quiet on the other end of the phone for a few seconds.
"Zhao Zong, what is the focus of this manual?
Are you verifying the position logic of Henglong or the position logic of Era Vanguard?"
"It's both, but the point is to verify Henglong's own.
Era Vanguard's position logic on Nvidia has been proven by actions for several years, and Huang Renxun knows it well.
Henglong buying Nvidia is a judgment we made independently using the institutional framework and did not rely on anyone else's prediction.
When I go to see him this time, I want him to see--
Henglong System's understanding of Nvidia does not rely on one person's intuition, but relies on the system, Model and independent verification.
This manual is the system draft of Henglong on Nvidia.
Huang Renxun doesn't need to see the PPT. What he needs to see is what public data we used.
Which core variables have been verified, and what is the relationship between our independent judgment and the position logic of Era Vanguard."
He turned the invitation back to the line of notes written by Huang Renxun,
Looking at the words "Thank you for your candor",
Suddenly I remembered what Elon Musk said to him in Boca Chica Launch Site a long time ago--
"What Huang Renxun hates most is not capital, but capital getting into his Shareholder Register without his knowledge.
If you tell him in advance, he will remember it."
At that time, Elon Musk was squatting under Raptor engine when he said this.
Holding a piece of Carbon Fiber Composite Material in his hand, his tone seemed to be sharing an industry secret that only engineers understand.
Now Huang Renxun's invitation letter confirms this sentence - Henglong took the initiative to inform him in advance when he bought Nvidia, and Huang Renxun remembered it.
He picked up his phone and sent a message to Elon Musk:
"Old Huang sent me an invitation letter to meet at the Silicon Valley headquarters.
Thank you for helping me set up the barbecue bureau at Boca Chica a year ago."
A few minutes later, Elon Musk replied, his tone as direct as ever:
"No need to thank me. In the most difficult time, he saw clearly who was here to pick fruits and who was here to help plant trees.
You and I are the latter, he is just returning the thank you that he should have said in person a year ago."
Zhao Chen looked at it for a moment and didn't reply. He turned the phone over and put it on the table.
After a while, he read the handwritten note again.
Then I opened the keyboard and replied a short email to Lin Shicheng, with two core points:
Accept the invitation and arrange your trip as soon as possible;
Henglong Research Institute Prepare a Independent Tracking Manual of Nvidia core variables as a basis for discussion during the meeting.
Lin Shicheng replies to emails quickly.
"Received. I will coordinate the itinerary with the Nvidia investor relations department as soon as possible.
One last thing - Huang Renxun's invitation letter specifically mentioned Henglong's honesty in informing him in advance when buying Nvidia.
This invitation letter is not just for Era Vanguard, but for Henglong System as a whole.
He invited not only the largest shareholder, but also the eyes that he saw that did not run away when he was in the most difficult time."
Zhao Chen closed the notebook after reading the email. Zisha Pot The tea in it had gone cold, and he did not pour a new one.
A few days later in the afternoon, Chen Xi placed a Kraft Paper File Bag on Zhao Chen's desk.
The seal was wrapped several times with a string, and the knot was tied neatly.
The document bag contains a Nvidia core variable comparison manual tracked independently by Henglong Research Institute--
On the left is the core judgment publicly disclosed by Huang Renxun at the Financial Report conference call.
The right side is the verification conclusion of Henglong Research Institute independent Model.
The data source and verification path are marked next to each item.
Zhao Chen took the document bag and put it on the corner of the desk, his eyes fell on Two Rivers Confluence's eyes as the sky gradually darkened outside the window.
His thoughts had drifted to the triangular glass building Silicon Valley.
He thought of the madness when Huang Renxun took off his leather jacket on GPU Technology Conference many years ago to reveal the Nvidia Logo on the black T-shirt.
Thinking of Huang Renxun, the famous saying printed on mugs by all employees and quoted repeatedly--
"We are always only thirty days away from bankruptcy."
A paranoid who always uses Survival Crisis to spur himself on,
A China investor who bet all his wealth during the most panic period of the financial crisis,
They should have sat down and looked at the same set of data face to face in the triangular glass building Silicon Valley a long time ago.
Now that day is finally here, not because someone drew a map in advance.
It's because CUDA ecosystem's real data of two million developers,
Data Center revenue exceeds the real performance of the game,
And the real trend of exponential growth in AI Computing Power demand,
Pushing two people who started from different starting points to the same intersection.