A trader made a profit of $6.5 million in one day by 'precisely short selling' Nvidia, and then allegedly locked in the profit.

Nvidia fell into a technical adjustment zone in just one day. Earlier on Tuesday, 0.06 million put spread options contracts with a strike price of 119/115 US dollars were purchased, with a total cost of approximately 1.23 million US dollars. On Wednesday's early trading session in the US stock market, about 58,000 of the same CFDs contracts were traded at once, priced at approximately 7.83 million US dollars. Market participants said the trade seems to be a closing position. If it is the same trader, the total profit is over 6.5 million US dollars.

wallstreetcn16minutes ago

Nvidia-Backed AI Company Taps Clean Energy Partner -- Barrons.com

By Avi Salzman Bloom Energy stock rose 1.3% on Wednesday after signing a deal with Nvidia-backed AI cloud company CoreWeave to power a data center. It is a rare instance of a clean energy company

Barron's18:08 ET

Nvidia's Market Cap Could Soar to US$50 Tril — Report

Nvidia's market cap will soar to US$50 trillion (RM233.84 trillion), according to an early investor in Amazon and Tesla. Citing James Anderson, a former partner at investment giant Baillie Gifford, as telling the Financial Times, Fortune magazine on Wednesday reported that the potential scale of Nvidia in the most optimistic outcome is both way higher than ever seen before, and could lead to a market cap of double-digit trillions.

The Edge MarketsJul 16 20:47 ET

Goldman Sachs warns not to buy on dips as the S&P 500 index is about to adjust!

Goldman Sachs issued a warning that the S&P 500 index is about to face an adjustment and advised investors not to buy on dips.

Zhitong Finance18:00 ET

Overnight US stocks | Dow hits historic high, chip stocks suffer heavy losses, nvidia(NVDA.US) falls 6.62%.

At the close, the Dow rose 243.73 points, up 0.60%, to 41198.21; the Nasdaq fell 512.42 points, down 2.77%, to 17996.92; and the S&P 500 index fell 78.93 points, down 1.39%, to 5588.27.

Zhitong Finance18:00 ET

The Smallest Stocks Have Staged an Epic Rally. Here's What to Do Now. -- Barrons.com

By Karishma Vanjani Shares of the tiniest companies have seen the biggest gains in the past week. Investors should avoid pouring in cash in hopes of more gains. Consider just how enormous the move

Barron's17:53 ET