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77-Year-Old Investor Bets Savings on AI Chip Stocks

7/12/2026

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Story summary
  • Fang Yan’an, in his late 70s, is betting savings on chipmakers and AI developers as tech stocks rally.
  • He notes the Chinese government’s recent tech support mirrors similar policies abroad, boosting his confidence.
  • Fang will hold AI-industry shares long term, believing higher earnings can sustain their high prices.
  • After 30 years trading A-shares on Shanghai and Shenzhen, he joins millions of Chinese investors hoping to profit amid volatility.