Nvidia surge births big short bets
The parabolic surge in Nvidia shares began when the group stunned Wall Street with a revenue forecast that exceeded analysts' forecasts by as much as 75%.
But it is now starting to show cracks in its exterior.
Nvidia shares are the third-most-shorted stock on the market, according to recent data from S3 Partners, with some $18.3 billion in bets against it.
That compares with around $20.17 billion in short interest on Microsoft $Microsoft(MSFT.US$ and $18.72 billion on Apple $Apple(AAPL.US$ . Nvidia's short interest even exceeds that of Tesla , which is pegged at $17.01 billion, even though the electric-vehicle stock has fallen more than 30% so far this year. $Tesla(TSLA.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
czsylda : This translation is really annoying to read