Nvidia short sellers suffer "violent beating": Loss of $2.3 billion overnight!
Since the beginning of this year, Nvidia's bears have lost more than 8 billion US dollars! Despite the skyrocketing stock price attracting a large number of short sellers to cover their positions, Nvidia is still the fourth most shorted stock in the US stock market, with Apple, Tesla, and Microsoft taking the top three spots.
Nvidia, which is only one step away from becoming the first trillion-dollar market value chip company in the US stock market, has caused heavy losses to the bears!
Overnight, Nvidia, with stunning performance, rose nearly 30% at one point during the trading day and finally closed up more than 24%. As a result, Nvidia bears lost $2.3 billion overnight!
Ihor Dusaniwsky, Managing Director of S3 Partners, a financial data company that discovered the disastrous defeat of the bears, further stated that, including Thursday's losses, Nvidia bears may have lost more than $8 billion this year, with a loss rate of up to 96%.
In contrast, Nvidia has risen by 160% this year, riding the wave of artificial intelligence (AI), making it the best-performing stock among the S&P 500 index components!
Currently, Nvidia has not only successfully entered the top five components of the S&P 500 index, but is also only less than $70 billion away from becoming the seventh trillion-dollar market value company in the US stock market.
However, it is worth noting that although the soaring stock price has attracted a large number of short sellers to cover their positions, Nvidia is still the fourth most shorted stock in the US stock market, with Apple, Tesla, and Microsoft ranking in the top three.